QUOTE(Sebastian Mares @ May 18 2006, 14:38)

Are you sure? AFAIK it's...
Pre-Alpha: not feature complete, buggy, final feature set not even known
Alpha: not feature complete, buggy
Beta: feature complete, buggy
Gamma (or RC): feature complete, all known bugs fixed (therefore release candidate - if no more bugs are found, it can be released)
Gold: That's it, it made it to final version
Used to be, but the internet age redefined it. Many projects use beta to mean alpha now. I think it has to with the stigma of alphas being "unusably buggy" and betas "usably buggy", even though that doesn't need to be the case, and the way features are defined more iteratively now. What's funny is when there are a dozen release candidates or more, each with a few fixes and a few new features. xD