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I've just imported my keys on to the testnet and my sharedrop tokens show up as TEST assets. The testnet is pretty basic at the moment, but looks pretty similar to bitshares (no surprise there, really).

my understanding is shares aren't released until testnet is live and working
but its ok, i got in early enough to get in the snapshot

You get your peerplays when the blockchain launches, which I don't think is for a while. Be sure to check me out and give a follow! thanks!

yes but it seems the snapshot was taken in the first week so I don't think I'll get any

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