When the keyboard freezes, acts funny, etc. go to:
Menu > Manage apps > All > Multi-Touch keyboard > Clear data [and clear Cache if it's not 0]
Others have found that turning off "Next word prediction" in the Multi-Touch keyboard settings also seems to help prevent keyboard freezes.
Menu > Settings > Language & Keyboard > Multi-Touch keyboard > Next word prediction
Great post and very helpful solution.
The combo of clearing cache, autofills, and removing all quick launches seems to have done the trick.
The quick launch post was summarized separately in this:
Pay close attention to the detailed instructions given by headcase.
Read:
http://www.droidforums.net/forum/pending-submissions-questions/28525-disable-keyboard-shortcuts.html