Age of Wushu, the English version, will release globally on October 18th, 2012. Elite pre-orders will get access to the free-to-play fantasy game a week early on the 11th.
Although the initial announcement was short on details and left many folks wondering whether an open beta is in store between then and now, further developer posts clarify that there will not be any character wipes between the early elite and the general releases. More information is promised soon, and we'll keep you posted as it becomes available.
[Thanks to SWGbesteva for the tip!]