Public beta already underway
The beta invitations have already been sent out. Seems to be US only though which is funny because it's being developed in the UK, apparently.
On the one hand, I'm thinking 'Whoo! New toy!' on the other hand I'm thinking 'Oh dear, Sadville for the PS3'. I'm going to wait and see (like I have a choice!) but I can say now I'm not going to be buying virtual furniture with my own real money!