Somasegar is a VP at Microsoft, who has provided us with an honest perspective on why Beta 2 did not ship by the end of March as promised:

http://blogs.msdn.com/somasegar/archive/2005/04/18/409338.aspx

I'm personally happy to see that the focus was on making sure it could be production-ready for those go-live licenses...thanks for keeping us informed Somasgear!

Scott Guthrie has a similar post here:

http://weblogs.asp.net/scottgu/archive/2005/04/16/401381.aspx

But more importantly, you can head over to MSDN subscriptions to download now!