Dang, this is precisely what I was looking for.
I've always thought (hoped) Droid should have a function like the iPhone magnifier, it's really elegant. But once you get there, of course you can't do much other than type. This functionality in Swype is much more powerful. I've been using Swype for awhile but like others here, I never understood Swype had this set of features. It was the i-sym comment that clued me in....THANKS!
Future hope: we still need something like the iphone magnifier, for accurately and quickly positioning cursor to make simple changes. Then, if there were a way to get from that to the Swype i-sym screen with its much more robust editing power....shaazzaam.
Thanks again for the great tip.