diff --git a/VERSION b/VERSION
index bd73f47072b..2eb3c4fe4ee 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.4
+0.5
diff --git a/docs/man/man1/ansible-playbook.1 b/docs/man/man1/ansible-playbook.1
index a62caab79b4..4411b79906a 100644
--- a/docs/man/man1/ansible-playbook.1
+++ b/docs/man/man1/ansible-playbook.1
@@ -2,12 +2,12 @@
 .\"     Title: ansible-playbook
 .\"    Author: [see the "AUTHOR" section]
 .\" Generator: DocBook XSL Stylesheets v1.75.2 <http://docbook.sf.net/>
-.\"      Date: 04/26/2012
+.\"      Date: 05/25/2012
 .\"    Manual: System administration commands
-.\"    Source: Ansible 0.4
+.\"    Source: Ansible 0.5
 .\"  Language: English
 .\"
-.TH "ANSIBLE\-PLAYBOOK" "1" "04/26/2012" "Ansible 0\&.4" "System administration commands"
+.TH "ANSIBLE\-PLAYBOOK" "1" "05/25/2012" "Ansible 0\&.5" "System administration commands"
 .\" -----------------------------------------------------------------
 .\" * set default formatting
 .\" -----------------------------------------------------------------
@@ -36,7 +36,7 @@ The names of one or more YAML format files to run as ansible playbooks\&.
 .sp
 \fB\-D\fR, \fB\-\-debug\fR
 .sp
-Print any messages the remote module sends to standard error to the console
+Debug mode
 .PP
 \fB\-i\fR \fIPATH\fR, \fB\-\-inventory=\fR\fIPATH\fR
 .RS 4
@@ -82,13 +82,6 @@ Connection timeout to use when trying to talk to hosts, in
 \fISECONDS\fR\&.
 .RE
 .PP
-\fB\-O\fR \fIOVERRIDE_HOSTS\fR, \fB\-\-override\-hosts=\fR\fIOVERRIDE_HOSTS\fR
-.RS 4
-Ignore the inventory file and run the playbook against only these hosts\&. "hosts:" line in playbook should be set to
-\fIall\fR
-when using this option\&.
-.RE
-.PP
 \fB\-s\fR, \fB\-\-sudo\fR
 .RS 4
 Force all plays to use sudo, even if not marked as such\&.
diff --git a/docs/man/man1/ansible.1 b/docs/man/man1/ansible.1
index 86fbf3c7c7e..31bfe865b7f 100644
--- a/docs/man/man1/ansible.1
+++ b/docs/man/man1/ansible.1
@@ -2,12 +2,12 @@
 .\"     Title: ansible
 .\"    Author: [see the "AUTHOR" section]
 .\" Generator: DocBook XSL Stylesheets v1.75.2 <http://docbook.sf.net/>
-.\"      Date: 05/06/2012
+.\"      Date: 05/25/2012
 .\"    Manual: System administration commands
-.\"    Source: Ansible 0.4
+.\"    Source: Ansible 0.5
 .\"  Language: English
 .\"
-.TH "ANSIBLE" "1" "05/06/2012" "Ansible 0\&.4" "System administration commands"
+.TH "ANSIBLE" "1" "05/25/2012" "Ansible 0\&.5" "System administration commands"
 .\" -----------------------------------------------------------------
 .\" * set default formatting
 .\" -----------------------------------------------------------------
diff --git a/packaging/debian/changelog b/packaging/debian/changelog
index 62de44c2589..8b219f73f12 100644
--- a/packaging/debian/changelog
+++ b/packaging/debian/changelog
@@ -1,8 +1,14 @@
+ansible (0.5) debian; urgency=low
+
+  * Release pending
+
+-- Michael DeHaan <michael.dehaan@gmail.com> Fri, 25 May 2012 16:40:00 -0400
+
 ansible (0.4) debian; urgency=low
   
   * 0.4 update
  
--- Michael DeHaan <michael.dehaan@gmail.com> Mon, 23 May 2012 19:40:00 -0400
+-- Michael DeHaan <michael.dehaan@gmail.com> Wed, 23 May 2012 19:40:00 -0400
 
 ansible (0.3) debian; urgency=low
 
diff --git a/packaging/rpm/ansible.spec b/packaging/rpm/ansible.spec
index 4e87e710275..109c0d7513a 100644
--- a/packaging/rpm/ansible.spec
+++ b/packaging/rpm/ansible.spec
@@ -6,7 +6,7 @@ BuildRoot: %{_tmppath}/%{name}-%{version}-%{release}-buildroot
 Name: ansible
 Release: 1%{?dist}
 Summary: Minimal SSH command and control
-Version: 0.4
+Version: 0.5
 
 Group: Development/Libraries
 License: GPLv3
@@ -58,6 +58,9 @@ rm -rf $RPM_BUILD_ROOT
 
 
 %changelog
+* TBD - 0.5.0 <michael.dehaan@gmail.com> - 0.5-0
+- Not released yet
+
 * Wed May 23 2012 Michael DeHaan <michael.dehaan@gmail.com> - 0.4-0
 - Release of 0.4