Notch, the creator of Minecraft, just announced that it will officially be in beta as of December 20th. Also, he announced a price increase at that time, and, here's the kicker, gave notice that anyone who buys the game starting on the 20th will no longer get free updates for life. Fortunately, that ONLY applies to games purchased ON OR AFTER the 20th, so if you haven't gotten the game yet, NOW IS THE TIME.
Here's a link to his blog with all the details.
http://notch.tumblr.com/post/2175441966/minecraft-beta-december-20-2010
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