diff --git a/CHANGELOG.md b/CHANGELOG.md
index af7f06cd76..f907aa33bd 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,7 +1,11 @@
 Ansible Changes By Release
 ==========================
 
-0.6 "Cabo" ------------ pending
+0.7 "Panama" -- release pending
+
+* I can barely see the roadmap from the heat coming off of it.
+
+0.6 "Cabo" -- August 6, 2012
 
 playbooks:
 
diff --git a/VERSION b/VERSION
index 5a2a5806df..eb49d7c7fd 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.6
+0.7
diff --git a/lib/ansible/__init__.py b/lib/ansible/__init__.py
index e8d3f99ff5..1b55e52e3a 100644
--- a/lib/ansible/__init__.py
+++ b/lib/ansible/__init__.py
@@ -14,5 +14,5 @@
 #
 # You should have received a copy of the GNU General Public License
 # along with Ansible.  If not, see <http://www.gnu.org/licenses/>.
-__version__ = '0.6'
+__version__ = '0.7'
 __author__ = 'Michael DeHaan'
diff --git a/packaging/debian/changelog b/packaging/debian/changelog
index bf89f8f45b..08ba4e9736 100644
--- a/packaging/debian/changelog
+++ b/packaging/debian/changelog
@@ -1,8 +1,14 @@
-ansible (0.6) unstable; urgency=low
+ansible (0.7) unstable; urgency=low
   
   * 0.6 not released yet
  
- -- Michael DeHaan <michael.dehaan@gmail.com>  Wed, 04 Jul 2012 13:40:01 -0400
+ -- Michael DeHaan <michael.dehaan@gmail.com>  Mon, 06 Aug 2012 19:50:01 -0400
+
+ansible (0.6) unstable; urgency=low
+  
+  * 0.5 update
+ 
+ -- Michael DeHaan <michael.dehaan@gmail.com>  Mon, 06 Aug 2012 19:50:00 -0400
 
 ansible (0.5) unstable; urgency=low
 
diff --git a/packaging/rpm/ansible.spec b/packaging/rpm/ansible.spec
index fe6a686508..4e96a14d89 100644
--- a/packaging/rpm/ansible.spec
+++ b/packaging/rpm/ansible.spec
@@ -5,8 +5,8 @@ BuildRoot: %{_tmppath}/%{name}-%{version}-%{release}-buildroot
 
 Name: ansible
 Release: 1%{?dist}
-Summary: Minimal SSH command and control
-Version: 0.6
+Summary: SSH-based configuration management, deployment, and task execution system
+Version: 0.7
 
 Group: Development/Libraries
 License: GPLv3