One of the folks in the chat mentioned that on some localized keyboards, Z and Y are flipped. Does that change the input?

No. Well, sorry, it should be that, because with the German keyboards, Z and Y are flipped, but it should just be the placement of where it's actually at on the keyboard; it should be a Y instead of Z.

And the text will reflect that?

Yes, it should. If it doesn't, then please let us know and we'll fix it.