User blog comment:Nealybealy/Why I will be playing the game/@comment-7927960-20131005125102/@comment-3346931-20131008003341

It's been confirmed it is in Beta. It's a Friends and Family Beta stage at the moment.

Want confirmation? Watch the GamesCom gameplay video. (http://youtu.be/Q4b3T_uOtb4) They're playing with Beta testers. And it was also mentioned in a Funcom investor report, I believe.