Yes, exactly. As someone who doesn't follow every single post on social media, I assumed that beta meant the same than it does for the whole rest of the software development industry (that spans further away than "a couple of vague lines in wiki").
And don't take me wrong, I don't have any problem with the current state of the plane itself. What I do have a problem with is the fact that this product is publicly released in a far from finished state and now, as end-user, I have no guarantee that this will get finished at a decent standard in the future, other than trusting on the good faith of the developers.
I don't think these kind of releases bring any good to the flight sim community, and only time will tell if those products released in incomplete alpha states make it to a quality final release, or we start seeing more and more modules being sold in incomplete states with no truly unfinished work. I do think that ED should have a stricter QA control in place for release of early-access content.