We present and analyze a new M detection of the young exoplanet beta Pictoris b from 2008 VLT/NaCo data at a separation of ~ 4 AU and a high signal-to-noise rereduction of L data taken in December 2009. Based on our orbital analysis, the planets orbit is viewed almost perfectly edge-on (i ~ 89 degrees) and has a Saturn-like semimajor axis of 9.50 (+3.93, -1.7) AU. Intriguingly, the planets orbit is aligned with the major axis of the outer disk (Omega ~ 31 degrees) but probably misaligned with the warp/inclined disk at 80 AU often cited as a signpost for the planets existence. Our results motivate new studies to clarify how $beta$ Pic b sculpts debris disk structures and whether a second planet is required to explain the warp/inclined disk.