diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2c6c4d864cf..e6b847e09e6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,7 +1,7 @@
 Ansible Changes By Release
 ==========================
 
-## 1.7 "Summer Nights" - Active Development
+## 1.7 "Summer Nights" - Aug 06, 2014
 
 Major new features:
 
@@ -31,6 +31,9 @@ New Modules:
 
 Other notable changes:
 
+* Security fixes
+  - Prevent the use of lookups when using legaxy "{{ }}" syntax around variables and with_* loops.
+  - Remove relative paths in TAR-archived file names used by ansible-galaxy.
 * Inventory speed improvements for very large inventories.
 * Vault password files can now be executable, to support scripts that fetch the vault password.
 
diff --git a/RELEASES.txt b/RELEASES.txt
index 040694a6bf2..b29dd7bde78 100644
--- a/RELEASES.txt
+++ b/RELEASES.txt
@@ -4,8 +4,9 @@ Ansible Releases at a Glance
 Active Development
 ++++++++++++++++++
 
-1.7    "Summer Nights" -------- SUMMER 2014
+1.8    "You Really Got Me" ---- FALL 2014
 
+1.7    "Summer Nights" -------- 08-06-2014
 1.6.8  "The Cradle Will Rock" - 07-22-2014
 1.6.7  "The Cradle Will Rock" - 07-21-2014
 1.6.6  "The Cradle Will Rock" - 07-01-2014
diff --git a/VERSION b/VERSION
index d3bdbdf1fda..6259340971b 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.7
+1.8
diff --git a/lib/ansible/__init__.py b/lib/ansible/__init__.py
index 7d01332c535..2585fdc30f3 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__ = '1.7'
+__version__ = '1.8'
 __author__ = 'Michael DeHaan'
diff --git a/packaging/debian/changelog b/packaging/debian/changelog
index 61067d48287..cd509948632 100644
--- a/packaging/debian/changelog
+++ b/packaging/debian/changelog
@@ -1,8 +1,14 @@
+ansible (1.8) unstable; urgency=low
+
+  * 1.8 release (PENDING)
+
+ -- Michael DeHaan <michael@ansible.com>  TBD
+
 ansible (1.7) unstable; urgency=low
 
-  * 1.7 release (PENDING)
+  * 1.7.0 release
 
- -- Michael DeHaan <michael@ansible.com>  Wed, 07 May 2014 15:00:03 -0500
+ -- Michael DeHaan <michael@ansible.com>  Wed, 06 Aug 2014 15:00:00 -0500
 
 ansible (1.6.8) unstable; urgency=low
 
diff --git a/packaging/rpm/ansible.spec b/packaging/rpm/ansible.spec
index c0b9bfe23cd..d9107a9d61f 100644
--- a/packaging/rpm/ansible.spec
+++ b/packaging/rpm/ansible.spec
@@ -115,6 +115,9 @@ rm -rf %{buildroot}
 
 %changelog
 
+* Wed Aug 06 2014 Michael DeHaan <michael@ansible.com> - 1.7.0
+- Release 1.7.0
+
 * Tue Jul 22 2014 Michael DeHaan <michael@ansible.com> - 1.6.8
 - Release 1.6.8