If I had to guess, I'd say September. If it was coming sooner than that, I think we'd know, and I don't believe they'll want to hold off for a holiday release, especially not with ME3 hitting sometime in that time frame. I think (hope) they're going to announce open beta at E3.
The reaction to PAX has been pretty overwhelmingly positive, as is everything I've heard out of beta (no direct sources there, though).
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