When an image has previously been edited in LR2, importing it into LR3 will cause it to be rendered using LR2's treatment - process version 1 - and the luminance noise reduction slider will be available.
Here the image has been imported directly into Lr3 Beta and has no Lr2 settings, so it will be rendered with Lr3 beta's treatment - process version 2 - and the luminance NR slider won't be available, but the color noise reduction slider will be. That's because at the time the Beta was made available, the rewriting of the luminance slider wasn't finished. When Lr3 is fully released, the slider will be enabled.
ie nothing to do with multiple betas (Adobe have never said there will be more than one public beta).
John