I fear that something has gone terribly wrong (or right) with 1.3. We were told that the lengthy 1.2 beta just meant that 1.3 beta would be released earlier because it was being simultaneously developed. Your quote in the original post also seemed to confirm that 1.3 was right around the corner. So here are some theories for the rest of the forum to vote/comment on.
A. 1.3 beta is not all that close to being ready (and never really was)
B. It is now realized that EFE is so freakin awesome, they've decided to focus exclusively on it and forget about EWOM 1.3
C. Brad is really hoping to make a splash with 1.3 to try and save the EWOM franchise so he's going to spend a few more weeks/months on it adding a bunch more features before releasing 1.3 beta
D. 1.3 beta comes out on Thursday
E. Brad is taking his own time on it because he wants to