Home Community Manager "TedTheDog" has clarified statements he made last month on the US Home BETA forums. In regards to a specific bug, Ted said the bug will be fixed in Firmware update 2.5.
"2.5 is what we're waiting for and 'October' is what I've heard, later October is my guess." He goes on make a statement that would seem to indicate Home 1.0 will be arriving at the same time.
Not the case, Ted stated on the official European PlayStation Home Forum. "Open BETA will be later this year after 2.5 is released.
Sorry about that, I should know better than to say anything that could be misconstrued like that on such an important subject." More PlayStation 3 News...