PSO - BB is now out in beta. From the website:
The Phantasy Star Online Blue Burst Open Beta has started! Everyone is welcome to join in for a month of free gameplay, through June 9th. This PC-exclusive game comes packed with new quests, new items and new features. And now you don"t have to wait to play it.
During the PSO Blue Burst Open Beta, Hunters (that"s you!) will be given the opportunity to compete in a Beta exclusive quest.