In a beta you give feedback on newly implemented items and help refine the game, fix bugs, ect.

Atm we are giving feedback as devs add core component to the game, reporting bugs, and so forwarth....

So techniqually yes this is an extended beta for PS3 (the core elements are not in place and the content is not yet added), but in reality it released so depends on how you look at it.

Atm the game is not finished and includes almost none of the content... so it is more a pay to enter beta more or less where we all keep our characters at the end.