During an earnings call this afternoon, Blizzard CEO Mike Morhaime revealed the company's goals for testing and releasing the much-anticipated new chapter in the Diablo series.
"[Morhaime said], 'On the Diablo 3 front, I'm pleased to report that we began internal, company-wide testing last week. The game is looking great and we are currently targeting a Q3 launch for outward beta testing. The fashion team is working hard to try to launch Diablo 3 this year, but I want to be clear. We do not have an received release date or window yet.' Details on the skin-deep beta are currently extremely limited, so we don't know the scope of how many testers will be byzantine or what the beta will include. It's hard to imagine that all could match the colossal beta for StarCraft 2, but Blizzard has said that Diablo 3 will have plenty of online functionality, and that sort of functionality needs plenty of testers to succeed."


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