hiya mate. i read your post and i thought exactly the same thing - text entry would be so much faster if there was swype for hp tablets or windows onscreen keyboard in general :) and guess what - 5 mins later I found an application for that! it's not perfect at all, but does the job. check it out here:
http://www.iliumsoft.com/site/fp/inscribe.php
please please someone swype my touchsmart too! :)
I just got an HTC HD2 not to long ago. I ran across an app called Swype (http://www.swypeinc.com).
Basically, there is a standard qwerty keyboard but what is different is that you take your finger and swipe it across the letters of the keyboard to spell a word. For words such as H-E-L-L-O, you make a circle on the L to get the letter L twice.
Silly I figured and hammered at the letters like a normal person would. Then I saw the Swype application on TV with another smartphone. The demonstration had a guy break a Worlds Record for texting.
Hmmm, I figured and tried the Swype. Now I am addicted to Swype. I can actually Swype faster than typing.
If you haven't seen this app yet, visit this site Swype (http://www.swypeinc.com).
It would be THE BOMB if HP can include this app or design something similar.
If you like this app, please reply so that HP can see that this is an active thread and they may include it in future TouchSmart updates.
If you don't know what to say... just post
--> "Swype my TouchSmart PLEASE !!!!" 
BTW: I don't work for Swype, i don't get paid for promoting. I just think Swype will be the ultimate application for any TouchSmarts.
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View unverified member's comment - posted by sarmasboy