Hi Jason,
I am having the same WPDB error as eef-ink. I am running WPMU 3.5.1 and I installed your beta 533-multisite and same error occurs.
To answer your previous questions:
Yes the Online Backup Page is now on the Network Admin.
Online Backup Page is not showing up in the child site admins as planned.
Activity Log seems to be reporting the error.
Regards,
Michael