On Twitter someone asked Bungie what time Sunday will the Beta end. Bungie replied: "We'll tell you tomorrow. We're in for some chop." Which means, Their uncomfortable, and things are happening.
Proof: https://twitter.com/Bungie/status/493258416635138048
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I sure hope they extend it. I've been dropped frequently from matchmaking. Which means they have a LOT of information they still need to collect from this test to improve the final version. Also, since I've been dropped so many times, I'd like to play some more matches to completion. :p