Yes This is FONLINE

btw it loooks like you are new.
you didtn experienced "moonwalk era"
and roolback era, when it was crashing each half an hour with hour roollback, or sometimes half day rollbacks, and.... ahh good old times
No, I didn't, but I did played (and tested) a lot of games in beta stage, including MMO titles, and I never experienced such wipes, rollbacks and other crap. Usually there is only one "wipe", when moving from beta to final stage. And even after that "wipe", they usually converted all the player's stuff to money/gold, so nobody actually lost anything.
If this is just beta, then why the heck they're doing this? Wasting everyones time is just fun, isn't it?
You can be happy that most of the players didn't ran away after those wipes (and rollbacks). Most of the MMO addicted people really hate loosing their stuff, it's like someone stole something from them, something real.