Just Survive Producer Michael Clark just announced on the subreddit that if all goes well with the next Test Server update, which they are planning for Monday 13th that there will be an update and wipe to Live this week. Here is the announcement:

Hello Survivors!

After the progress we have made this weekend towards issues reported on Test, we expect a wipe and Live update this week.

When the team is in the office tomorrow morning (2/13) there will be a final update to JS Test, and if that build is stable we will push that build live later in the week.

We know many players have been desiring a wipe, and so we wanted to let you know as soon as the decision was made.

Please report issues on Test in the Test thread here.

And please check out the live stream from Friday and the Reddit discussion here.

Thank you!

Source: Reddit /r/h1z1