On the Main Website you will notice that BHO is still Offline.
.. BETA will not be happening. But that doesn't mean BHO went under.
There will be quite a bit of Content going into Beasts and Heroes Online - Specially when BHO 1 hits (MoM: Magic of Mystery). Currently working on Version 0.0.5 so there is a long way to go.
BETA will happen. Keep that in mind. For now though .. Just sit back and watch BHO develop.
Don't let this discourage you from playing BHO in the future .. These things happen, no big deal.