[GuyWithNoLife]

Using Swype, you can access the arrows and some other commands by swyping from the Swype key to the SYM button. I know this isn't as convenient as already having the arrows on the screen ready to press, but it does come in handy.

Other buttons on this page: 'Select All' 'Cursor Jump' 'Page Up' 'Page Down' 'Home' 'End' 'Select Text' 'Cut' 'Copy' 'Paste' 'Tab (arrow to a line), Backspace, Delete (like your keyboard, deletes letter in front of cursor), and delete word.

If you Swype from the Swype key to the number 5 (well, long-press it's 5, really the letter F), it opens up a numeric keypad with some symbols that's a bit easier to use than the SYM key for typing numbers.

Again, it's not a fix for having the arrows up all the time (which would be nice) but the option is there when you need it.