If its a limited release, if its not ready for servers to be filled, if bugs are still common, If the number of people playing is controlled...
I consider it a beta regardless of version number. It can be 1.0 all it wants. It's being handled like a beta.
Wipe it. And yes while not every game wipes before full release, having access to a game that has already been out for a limited few is never fun. Ever.
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