Perhaps if we were accepting pre-orders or requiring a credit card. A soft launch like this would be more comparable to a focus group for a traditional product launch.
But you're not being honest and up-front about the fact that it's a focus group.
If it was like "Click here to take a survey about what features you most want in an email service" that would be one thing, but that's not the messaging in your case.
Just knowing that it's an experiment defeats the purpose. By getting honest responses and behaviors, it is easier to build a solution that people actually need or would actually use.
Demo means "demonstrator". Usually you use it to demonstrate (show) what your product can do. If it doesn't, you show them something that doesn't exist, and it's more of an illusionist show than a real demonstration.