Anecdotally, Google announced the changeover of Cloud logging API versions in October of 2016, with a 5-month ramp (October to March) to switch from the v1 beta API to the v2 beta API. Five months is nearly two quarters, which is quite a long window for a beta API IMHO.
That having been said, Google's habit of leaving things that are pretty much mission-critical in beta is unwise, but it should be unwise for them, not end-users. End-users that need reliability and low churn shouldn't be developing on beta-anything.