As the news story states (read any of the many links), there is “no consensus from scientists” on how this could have happened (that we have 350,000 species).
Why is there no consensus from the scientists on why we have 350,000 species of beetles?
Isn’t the answer always just: “they evolved that way”?
What is your opinion on that question and why is your opinion disputed by other scientists who have “not reached a consensus”?
There is A** comprehensive phylogeny of beetles reveals the evolutionary origins of a super-radiation** by Toby Hunt, Johannes Bergsten, Zuzana Levkanicova, Anna Papadopoulou, Oliver St John, Ruth Wild, Peter M. Hammond, Dirk Ahrens, Michael Balke, Michael S. Caterino, Jesús Gómez-Zurita, Ignacio Ribera, Timothy G. Barraclough, Milada Bocakova, Ladislav Bocak, and Alfried P. Vogler* published 21 December 2007, Science 318, 1913 (2007) which includes the following information:
A) Materials and Methods
B) Supporting Figures and Legends
Figure S1: Majority-rule consensus tree from Bayesian analysis.
Figure S2: Terrestrial-to-aquatic transitions in the evolution of Coleoptera.
Figure S3: The evolution of feeding strategies in Coleoptera.
Figure S4: Most parsimonious tree from 1880 taxon matrix (separate file).
Figure S5: Stationarity of the Bayesian Markov chain Monte Carlo analyses.
C) Supporting Tables
Table S1: GenBank accession numbers (separate file).
Table S2: Taxonomic retention index.
Table S3: Stability to outgroup rooting.
Table S4: Angiosperm vs non-angiosperm feeding clades.
Table S5: Shifts in diversification rates.
Table S6: Fossil calibration points.
Table S7: Beetle diversification rates.
Table S8: Number of described species, feeding types and habitat.
D) Alignment Files
Become a member then you can have it all!

I can’t give you the PDF in it’s entirity.
Here is this that I can share with you from 1: Science. 2007 Dec 21;318(5858):1913-6 :A comprehensive phylogeny of beetles reveals the evolutionary origins of a superradiation.Hunt T, Bergsten J, Levkanicova Z, Papadopoulou A, John OS, Wild R, Hammond PM, Ahrens D, Balke M, Caterino MS, Gómez-Zurita J, Ribera I, Barraclough TG, Bocakova M, Bocak L, Vogler AP. Department of Entomology, Natural History Museum, Cromwell Road, London SW7 5BD, UK.
Beetles represent almost one-fourth of all described species, and knowledge about their relationships and evolution adds to our understanding of biodiversity. We performed a comprehensive phylogenetic analysis of Coleoptera inferred from three genes and nearly 1900 species, representing more than 80% of the world’s recognized beetle families. We defined basal relationships in the Polyphaga supergroup, which contains over 300,000 species, and established five families as the earliest branching lineages. By dating the phylogeny, we found that the success of beetles is explained neither by exceptional net diversification rates nor by a predominant role of herbivory and the Cretaceous rise of angiosperms. Instead, the pre-Cretaceous origin of more than 100 present-day lineages suggests that beetle species richness is due to high survival of lineages and sustained diversification in a variety of niches.
ncbi.nlm.nih.gov/pubmed/18096805?ordinalpos=1&itool=EntrezSystem2.PEntrez.Pubmed.Pubmed_ResultsPanel.Pubmed_RVDocSum
Beetles represent almost one-fourth of all described species, and knowledge about their relationships and evolution adds to our understanding of biodiversity. We performed a comprehensive phylogenetic analysis of Coleoptera inferred from three genes and nearly 1900 species, representing more...
pubmed.ncbi.nlm.nih.gov