Re: "This is a beta service for [their security] products"
"[1] a beta security service operating live?"
Many security product manufacturers have opt-in beta channels for those who really like to test upcoming features. As long as Ubiquiti has clearly flagged (?) this feature with an appopriate warning, I would have no problem with it.
"[2] just shows what we all guessed - security appliance software development is as sloppy as it is for everything else."
Perhaps it is, but drawing conclusions from a single incident is unwise.
Also, grouping all software development in the same "sloppy basket" doesn't seem to reflect reality.