Alpha, Beta, and Release are phases of development, and should not be confused for part of the galaxy (server) name. They simply refer to what state the software is in that runs the server.
Basilisk play server - SWGEmu server that will exist through our Alpha and Beta development phase (not to be confused with complete, permanent play servers)
Alpha - The alpha software development phase is the stage where all features are in the process of being implemented. When it begins, there may be many missing features, but by its end, all major features should be implemented.
Beta - The beta software development phase is marked by the implementation of all major features. During this phase, the primary focus of software development is to fix any and all bugs, as well as implement content that expands upon the major features from Alpha.
Release - The release software development phase is when a software is thought to be good enough for deployment. This means that the software will be packaged and ready for use by the general public to fuel their own servers, and it will be deemed stable and complete.
PLEASE NOTE: Because this is a volunteer project, some delays or minor changes on the timetable are still possible.
~ The SWGEmu Team
So to clarify...
As of now BASILISK is in the B E T A stage of development, as described above ^^^ ? ? ?