Android suggests to migrate in-app billing from API v2 to v3.
http://developer.android.com/google/play/billing/v2/api.html
Android suggests that in-app billing API v3 now supports subscriptions.
http://developer.android.com/google/play/billing/api.html
Android suggests that there are still testing and real purchases.
http://developer.android.com/google/play/billing/billing_testing.html
If you read further down, there are requirements for test purchases:
Test purchases are only supported for in-app products, not for in-app subscriptions.
So how do we test in-app subscriptions in IAB v3?