"Long Jump"
The way I see it Beta refers to the fact that it's a preliminary, weaker version of Hyper-Jump. I think that's actually how it was originally meant, not referring to the Beta of the actual game.
For the nth #$%#% time, HJ Beta is a promotional item. Dig out your preorder cards and you'll read it (I'll scan mine if I have to). Only reason people think its from Beta is because you could attach it to your beta account during the Monolith days, which would become usable when it went live. Monolith sold HJ Beta as a promotional item via preorder regardless if the person was in Beta or not, and people got it and get it every time they make a new character. All SOE has done is use it for promotional via buddy keys and trial programs, for single characters, where Monolith's was perma account wide. Beta: a nearly complete prototype of a product (as software) - http://www.merriam-webster.com/dictionary/beta That's all it is. It's a BETA PROGRAM. I'm going to go eat now and get back to work.