Please bear with me here - I can't answer all of your questions but will try to address them enough so that you can separate fact from rumour.
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So I was just wondering are they still going to stick by the 2010 release
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I'm not authorized to answer this, but this question will be addressed shortly pending the publisher's official announcement of Dawn of Fantasy.
We didn't sell out, we just worked out a deal with an established publisher to benefit both parties (as well as the players) - something very standard in game design. We may not have 100% jurisdiction over the game's development, but we signed this away in the best interest of the game - allowing us to outsource professional QA and Voice Acting, localize the game, and market the game. Reverie is a fantastic studio, but there's no way we could have done those things without financial and professional support from a publisher.
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Yes, the next beta should be the the first open beta, but until a dev says it is, don't quote me.
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Technically, it's another Closed Beta. But, I think it's safe to expect all of you to be in it as it we will open up sign-ups, and let in all active (past or present) forumers. The Open Beta will commence later on and will be mostly people from other sites - you guys will probably all be in by then.