Every time you pick up an item in Diablo III, you'll have all sorts of options at your disposal. Do you keep it? Sell it? Salvage it? Auction it off? Give it away? Blizzard's latest dev blog entry on the new community site outlines all of your choices. Here's the rundown:

• You can turn unwanted items to gold using the Cauldron of Jordan.
• You can salvage crafting materials from unwated items using the Nephalem Cube.
• You can craft items by interacting with the Blacksmith, Jeweler and Mystic.
• You can sell items on the Auction House, trade them with friends or give them to one of your other characters via the shared stash.

The friends and family beta test is under way, with the public closed beta scheduled to start very soon. There isn't a non-disclosure agreement associated with the beta, so feel free to share your thoughts if you actually get your hands on Diablo III!