diff --git a/site/src/components/FeatureBadge/FeatureBadge.stories.tsx b/site/src/components/FeatureBadge/FeatureBadge.stories.tsx
new file mode 100644
index 0000000000000..714b461ea4140
--- /dev/null
+++ b/site/src/components/FeatureBadge/FeatureBadge.stories.tsx
@@ -0,0 +1,89 @@
+import { useTheme } from "@emotion/react";
+import type { Meta, StoryObj } from "@storybook/react";
+import { useState } from "react";
+import { FeatureBadge } from "./FeatureBadge";
+
+const meta: Meta<typeof FeatureBadge> = {
+	title: "components/FeatureBadge",
+	component: FeatureBadge,
+	args: {
+		type: "beta",
+	},
+};
+
+export default meta;
+type Story = StoryObj<typeof FeatureBadge>;
+
+export const SmallInteractiveBeta: Story = {
+	args: {
+		type: "beta",
+		size: "sm",
+		variant: "interactive",
+	},
+};
+
+export const SmallInteractiveExperimental: Story = {
+	args: {
+		type: "experimental",
+		size: "sm",
+		variant: "interactive",
+	},
+};
+
+export const LargeInteractiveBeta: Story = {
+	args: {
+		type: "beta",
+		size: "lg",
+		variant: "interactive",
+	},
+};
+
+export const LargeStaticBeta: Story = {
+	args: {
+		type: "beta",
+		size: "lg",
+		variant: "static",
+	},
+};
+
+export const HoverControlledByParent: Story = {
+	args: {
+		type: "experimental",
+		size: "sm",
+	},
+
+	decorators: (Story, context) => {
+		const theme = useTheme();
+		const [isHovering, setIsHovering] = useState(false);
+
+		return (
+			<button
+				type="button"
+				onPointerEnter={() => setIsHovering(true)}
+				onPointerLeave={() => setIsHovering(false)}
+				css={[
+					{
+						backgroundColor: theme.palette.background.default,
+						color: theme.palette.text.primary,
+						display: "flex",
+						flexFlow: "row nowrap",
+						alignItems: "center",
+						columnGap: "16px",
+					},
+					isHovering && {
+						backgroundColor: "green",
+					},
+				]}
+			>
+				<span>Blah</span>
+				{Story({
+					args: {
+						...context.initialArgs,
+						variant: "static",
+						highlighted: isHovering,
+					},
+				})}
+			</button>
+		);
+	},
+};
diff --git a/site/src/components/FeatureBadge/FeatureBadge.tsx b/site/src/components/FeatureBadge/FeatureBadge.tsx
new file mode 100644
index 0000000000000..75b7c15045cde
--- /dev/null
+++ b/site/src/components/FeatureBadge/FeatureBadge.tsx
@@ -0,0 +1,204 @@
+import type { Interpolation, Theme } from "@emotion/react";
+import Link from "@mui/material/Link";
+import { visuallyHidden } from "@mui/utils";
+import { HelpTooltipContent } from "components/HelpTooltip/HelpTooltip";
+import { Popover, PopoverTrigger } from "components/Popover/Popover";
+import {
+	type FC,
+	type HTMLAttributes,
+	type ReactNode,
+	useEffect,
+	useState,
+} from "react";
+import { docs } from "utils/docs";
+
+/**
+ * All types of feature that we are currently supporting. Defined as record to
+ * ensure that we can't accidentally make typos when writing the badge text.
+ */
+const featureBadgeTypes = {
+	beta: "beta",
+	experimental: "experimental",
+} as const satisfies Record<string, ReactNode>;
+
+const styles = {
+	badge: (theme) => ({
+		// Base type is based on a span so that the element can be placed inside
+		// more types of HTML elements without creating invalid markdown, but we
+		// still want the default display behavior to be div-like
+		display: "block",
+		maxWidth: "fit-content",
+
+		// Base style assumes that small badges will be the default
+		fontSize: "0.75rem",
+
+		cursor: "default",
+		flexShrink: 0,
+		padding: "4px 8px",
+		lineHeight: 1,
+		whiteSpace: "nowrap",
+		border: `1px solid ${theme.roles.preview.outline}`,
+		color: theme.roles.preview.text,
+		backgroundColor: theme.roles.preview.background,
+		borderRadius: "6px",
+		transition:
+			"color 0.2s ease-in-out, border-color 0.2s ease-in-out, background-color 0.2s ease-in-out",
+	}),
+
+	badgeHover: (theme) => ({
+		color: theme.roles.preview.hover.text,
+		borderColor: theme.roles.preview.hover.outline,
+		backgroundColor: theme.roles.preview.hover.background,
+	}),
+
+	badgeLargeText: {
+		fontSize: "1rem",
+	},
+
+	tooltipTitle: (theme) => ({
+		color: theme.palette.text.primary,
+		fontWeight: 600,
+		fontFamily: "inherit",
+		fontSize: 18,
+		margin: 0,
+		lineHeight: 1,
+		paddingBottom: "8px",
+	}),
+
+	tooltipDescription: {
+		margin: 0,
+		lineHeight: 1.4,
+		paddingBottom: "8px",
+	},
+
+	tooltipLink: {
+		fontWeight: 600,
+		lineHeight: 1.2,
+	},
+} as const satisfies Record<string, Interpolation<Theme>>;
+
+function grammaticalArticle(nextWord: string): string {
+	const vowels = ["a", "e", "i", "o", "u"];
+	const firstLetter = nextWord.slice(0, 1).toLowerCase();
+	return vowels.includes(firstLetter) ? "an" : "a";
+}
+
+function capitalizeFirstLetter(text: string): string {
+	return text.slice(0, 1).toUpperCase() + text.slice(1);
+}
+
+type FeatureBadgeProps = Readonly<
+	Omit<HTMLAttributes<HTMLSpanElement>, "children"> & {
+		type: keyof typeof featureBadgeTypes;
+		size?: "sm" | "lg";
+	} & (
+			| {
+					/**
+					 * Defines whether the FeatureBadge should act as a
+					 * controlled or uncontrolled component with its hover and
+					 * general interaction styling.
+					 */
+					variant: "interactive";
+
+					// Had to specify the highlighted key for this union option
+					// even though it won't be used, because otherwise the type
+					// ergonomics for users would be too clunky.
+					highlighted?: undefined;
+			  }
+			| { variant: "static"; highlighted?: boolean }
+		)
+>;
+
+export const FeatureBadge: FC<FeatureBadgeProps> = ({
+	type,
+	size = "sm",
+	variant = "interactive",
+	highlighted = false,
+	onPointerEnter,
+	onPointerLeave,
+	...delegatedProps
+}) => {
+	// Not a big fan of having two hover variables, but we need to make sure the
+	// badge maintains its hover styling while the mouse is inside the tooltip
+	const [isBadgeHovering, setIsBadgeHovering] = useState(false);
+	const [isTooltipHovering, setIsTooltipHovering] = useState(false);
+
+	useEffect(() => {
+		const onWindowBlur = () => {
+			setIsBadgeHovering(false);
+			setIsTooltipHovering(false);
+		};
+
+		window.addEventListener("blur", onWindowBlur);
+		return () => window.removeEventListener("blur", onWindowBlur);
+	}, []);
+
+	const featureType = featureBadgeTypes[type];
+	const showBadgeHoverStyle =
+		highlighted ||
+		(variant === "interactive" && (isBadgeHovering || isTooltipHovering));
+
+	const coreContent = (
+		<span
+			css={[
+				styles.badge,
+				size === "lg" && styles.badgeLargeText,
+				showBadgeHoverStyle && styles.badgeHover,
+			]}
+			onPointerEnter={variant === "interactive" ? undefined : onPointerEnter}
+			onPointerLeave={variant === "interactive" ? undefined : onPointerLeave}
+			{...delegatedProps}
+		>
+			<span style={visuallyHidden}> (This is a</span>
+			{featureType}
+			<span style={visuallyHidden}> feature)</span>
+		</span>
+	);
+
+	if (variant !== "interactive") {
+		return coreContent;
+	}
+
+	return (
+		<Popover mode="hover">
+			<PopoverTrigger
+				onPointerEnter={(event) => {
+					setIsBadgeHovering(true);
+					onPointerEnter?.(event);
+				}}
+				onPointerLeave={(event) => {
+					setIsBadgeHovering(false);
+					onPointerLeave?.(event);
+				}}
+			>
+				{coreContent}
+			</PopoverTrigger>
+
+			<HelpTooltipContent
+				anchorOrigin={{ vertical: "bottom", horizontal: "center" }}
+				transformOrigin={{ vertical: "top", horizontal: "center" }}
+				onPointerEnter={() => setIsTooltipHovering(true)}
+				onPointerLeave={() => setIsTooltipHovering(false)}
+			>
+				<h5 css={styles.tooltipTitle}>
+					{capitalizeFirstLetter(featureType)} Feature
+				</h5>
+
+				<p css={styles.tooltipDescription}>
+					This is {grammaticalArticle(featureType)} {featureType} feature. It
+					has not yet reached generally availability (GA).
+				</p>
+
+				<Link
+					href={docs("/contributing/feature-stages")}
+					target="_blank"
+					rel="noreferrer"
+					css={styles.tooltipLink}
+				>
+					Learn about feature stages
+					<span style={visuallyHidden}> (link opens in new tab)</span>
+				</Link>
+			</HelpTooltipContent>
+		</Popover>
+	);
+};
diff --git a/site/src/components/Popover/Popover.tsx b/site/src/components/Popover/Popover.tsx
index 7db3c4eda1799..8b4479d95b3a4 100644
--- a/site/src/components/Popover/Popover.tsx
+++ b/site/src/components/Popover/Popover.tsx
@@ -1,10 +1,12 @@
 import MuiPopover, {
 	type PopoverProps as MuiPopoverProps,
-	// biome-ignore lint/nursery/noRestrictedImports: Used as base component
+	// biome-ignore lint/nursery/noRestrictedImports: This is the base component that our custom popover is based on
 } from "@mui/material/Popover";
 import {
 	type FC,
 	type HTMLAttributes,
+	type PointerEvent,
+	type PointerEventHandler,
 	type ReactElement,
 	type ReactNode,
 	type RefObject,
@@ -95,17 +97,20 @@ export const PopoverTrigger = (
 	const { children, ...elementProps } = props;
 
 	const clickProps = {
-		onClick: () => {
+		onClick: (event: PointerEvent<HTMLElement>) => {
 			popover.setOpen(true);
+			elementProps.onClick?.(event);
 		},
 	};
 
 	const hoverProps = {
-		onPointerEnter: () => {
+		onPointerEnter: (event: PointerEvent<HTMLElement>) => {
 			popover.setOpen(true);
+			elementProps.onPointerEnter?.(event);
 		},
-		onPointerLeave: () => {
+		onPointerLeave: (event: PointerEvent<HTMLElement>) => {
 			popover.setOpen(false);
+			elementProps.onPointerLeave?.(event);
 		},
 	};
 
@@ -130,6 +135,8 @@ export type PopoverContentProps = Omit<
 
 export const PopoverContent: FC<PopoverContentProps> = ({
 	horizontal = "left",
+	onPointerEnter,
+	onPointerLeave,
 	...popoverProps
 }) => {
 	const popover = usePopover();
@@ -152,7 +159,7 @@ export const PopoverContent: FC<PopoverContentProps> = ({
 				},
 			}}
 			{...horizontalProps(horizontal)}
-			{...modeProps(popover)}
+			{...modeProps(popover, onPointerEnter, onPointerLeave)}
 			{...popoverProps}
 			id={popover.id}
 			open={popover.open}
@@ -162,14 +169,20 @@ export const PopoverContent: FC<PopoverContentProps> = ({
 	);
 };
 
-const modeProps = (popover: PopoverContextValue) => {
+const modeProps = (
+	popover: PopoverContextValue,
+	externalOnPointerEnter: PointerEventHandler<HTMLDivElement> | undefined,
+	externalOnPointerLeave: PointerEventHandler<HTMLDivElement> | undefined,
+) => {
 	if (popover.mode === "hover") {
 		return {
-			onPointerEnter: () => {
+			onPointerEnter: (event: PointerEvent<HTMLDivElement>) => {
 				popover.setOpen(true);
+				externalOnPointerEnter?.(event);
 			},
-			onPointerLeave: () => {
+			onPointerLeave: (event: PointerEvent<HTMLDivElement>) => {
 				popover.setOpen(false);
+				externalOnPointerLeave?.(event);
 			},
 		};
 	}
diff --git a/site/src/pages/UserSettingsPage/AppearancePage/AppearanceForm.tsx b/site/src/pages/UserSettingsPage/AppearancePage/AppearanceForm.tsx
index a4e520c2b7137..6559e31723156 100644
--- a/site/src/pages/UserSettingsPage/AppearancePage/AppearanceForm.tsx
+++ b/site/src/pages/UserSettingsPage/AppearancePage/AppearanceForm.tsx
@@ -175,23 +175,23 @@ const ThemePreview: FC<ThemePreviewProps> = ({
 				<div css={styles.page}>
 					<div css={styles.header}>
 						<div css={styles.headerLinks}>
-							<div css={[styles.headerLink, styles.activeHeaderLink]}></div>
-							<div css={styles.headerLink}></div>
-							<div css={styles.headerLink}></div>
+							<div css={[styles.headerLink, styles.activeHeaderLink]} />
+							<div css={styles.headerLink} />
+							<div css={styles.headerLink} />
 						</div>
 						<div css={styles.headerLinks}>
-							<div css={styles.proxy}></div>
-							<div css={styles.user}></div>
+							<div css={styles.proxy} />
+							<div css={styles.user} />
 						</div>
 					</div>
 					<div css={styles.body}>
-						<div css={styles.title}></div>
+						<div css={styles.title} />
 						<div css={styles.table}>
-							<div css={styles.tableHeader}></div>
-							<div css={styles.workspace}></div>
-							<div css={styles.workspace}></div>
-							<div css={styles.workspace}></div>
-							<div css={styles.workspace}></div>
+							<div css={styles.tableHeader} />
+							<div css={styles.workspace} />
+							<div css={styles.workspace} />
+							<div css={styles.workspace} />
+							<div css={styles.workspace} />
 						</div>
 					</div>
 				</div>
diff --git a/site/src/theme/dark/roles.ts b/site/src/theme/dark/roles.ts
index 32a9ea4f12992..dfefd1d10909b 100644
--- a/site/src/theme/dark/roles.ts
+++ b/site/src/theme/dark/roles.ts
@@ -1,7 +1,7 @@
 import type { Roles } from "../roles";
 import colors from "../tailwindColors";
 
-export default {
+const roles: Roles = {
 	danger: {
 		background: colors.orange[950],
 		outline: colors.orange[500],
@@ -143,13 +143,35 @@ export default {
 		},
 	},
 	preview: {
-		background: colors.violet[950],
-		outline: colors.violet[500],
-		text: colors.violet[50],
+		background: colors.cyan[950],
+		outline: colors.cyan[600],
+		text: colors.cyan[400],
 		fill: {
-			solid: colors.violet[400],
-			outline: colors.violet[400],
+			solid: colors.cyan[400],
+			outline: colors.cyan[400],
 			text: colors.white,
 		},
+		hover: {
+			background: colors.zinc[950],
+			outline: colors.cyan[500],
+			text: colors.cyan[300],
+			fill: {
+				text: colors.white,
+				outline: colors.cyan[600],
+				solid: colors.cyan[600],
+			},
+		},
+		disabled: {
+			background: colors.zinc[950],
+			outline: colors.cyan[500],
+			text: colors.cyan[300],
+			fill: {
+				text: colors.white,
+				outline: colors.cyan[600],
+				solid: colors.cyan[600],
+			},
+		},
 	},
-} satisfies Roles;
+};
+
+export default roles;
diff --git a/site/src/theme/darkBlue/roles.ts b/site/src/theme/darkBlue/roles.ts
index 744b7329249b9..a0f36daa810b9 100644
--- a/site/src/theme/darkBlue/roles.ts
+++ b/site/src/theme/darkBlue/roles.ts
@@ -1,7 +1,7 @@
 import type { Roles } from "../roles";
 import colors from "../tailwindColors";
 
-export default {
+const roles: Roles = {
 	danger: {
 		background: colors.orange[950],
 		outline: colors.orange[500],
@@ -143,13 +143,35 @@ export default {
 		},
 	},
 	preview: {
-		background: colors.violet[950],
-		outline: colors.violet[500],
-		text: colors.violet[50],
+		background: colors.cyan[950],
+		outline: colors.cyan[600],
+		text: colors.cyan[400],
 		fill: {
-			solid: colors.violet[400],
-			outline: colors.violet[400],
+			solid: colors.cyan[400],
+			outline: colors.cyan[400],
 			text: colors.white,
 		},
+		hover: {
+			background: colors.zinc[950],
+			outline: colors.cyan[500],
+			text: colors.cyan[300],
+			fill: {
+				text: colors.white,
+				outline: colors.cyan[600],
+				solid: colors.cyan[600],
+			},
+		},
+		disabled: {
+			background: colors.zinc[950],
+			outline: colors.cyan[500],
+			text: colors.cyan[300],
+			fill: {
+				text: colors.white,
+				outline: colors.cyan[600],
+				solid: colors.cyan[600],
+			},
+		},
 	},
-} satisfies Roles;
+};
+
+export default roles;
diff --git a/site/src/theme/light/roles.ts b/site/src/theme/light/roles.ts
index fe3d1d9687bfa..905d45384f247 100644
--- a/site/src/theme/light/roles.ts
+++ b/site/src/theme/light/roles.ts
@@ -1,7 +1,7 @@
 import type { Roles } from "../roles";
 import colors from "../tailwindColors";
 
-export default {
+const roles: Roles = {
 	danger: {
 		background: colors.orange[50],
 		outline: colors.orange[400],
@@ -143,13 +143,35 @@ export default {
 		},
 	},
 	preview: {
-		background: colors.violet[50],
-		outline: colors.violet[500],
-		text: colors.violet[950],
+		background: colors.cyan[100],
+		outline: colors.cyan[500],
+		text: colors.cyan[950],
 		fill: {
-			solid: colors.violet[600],
-			outline: colors.violet[600],
+			solid: colors.cyan[600],
+			outline: colors.cyan[600],
 			text: colors.white,
 		},
+		hover: {
+			background: colors.cyan[50],
+			outline: colors.cyan[600],
+			text: colors.cyan[950],
+			fill: {
+				outline: colors.cyan[500],
+				solid: colors.cyan[500],
+				text: colors.white,
+			},
+		},
+		disabled: {
+			background: colors.cyan[50],
+			outline: colors.cyan[800],
+			text: colors.cyan[200],
+			fill: {
+				solid: colors.cyan[800],
+				outline: colors.cyan[800],
+				text: colors.white,
+			},
+		},
 	},
-} satisfies Roles;
+};
+
+export default roles;
diff --git a/site/src/theme/roles.ts b/site/src/theme/roles.ts
index 13d54f8840d20..87620bd43ef8c 100644
--- a/site/src/theme/roles.ts
+++ b/site/src/theme/roles.ts
@@ -36,7 +36,7 @@ export interface Roles {
 	/** This isn't quite ready for prime-time, but you're welcome to look around!
 	 * Preview features, experiments, unstable, etc.
 	 */
-	preview: Role;
+	preview: InteractiveRole;
 }
 
 /**