diff --git a/beets/__init__.py b/beets/__init__.py
index 2d193a368..b71a3d265 100644
--- a/beets/__init__.py
+++ b/beets/__init__.py
@@ -12,7 +12,7 @@
 # The above copyright notice and this permission notice shall be
 # included in all copies or substantial portions of the Software.
 
-__version__ = '1.1b1-dev'
+__version__ = '1.1.0-beta.1'
 __author__ = 'Adrian Sampson <adrian@radbox.org>'
 
 import beets.library
diff --git a/docs/changelog.rst b/docs/changelog.rst
index 2a24829b2..9f0ddeef6 100644
--- a/docs/changelog.rst
+++ b/docs/changelog.rst
@@ -1,10 +1,15 @@
 Changelog
 =========
 
-1.1b1 (in development)
-----------------------
+1.1b1 (January 29, 2013)
+------------------------
 
-This release entirely revamps beets' configuration system.
+This release entirely revamps beets' configuration system. The configuration
+file is now a `YAML`_ document and is located, along with other support files,
+in a common directory (e.g., ``~/.config/beets`` on Unix-like systems). If
+you're upgrading from an earlier version, please see :doc:`/guides/migration`.
+
+.. _YAML: http://en.wikipedia.org/wiki/YAML
 
 * Renamed plugins: The ``rdm`` plugin has been renamed to ``random`` and
   ``fuzzy_search`` has been renamed to ``fuzzy``.
@@ -31,8 +36,13 @@ It also adds some new features:
 * :doc:`/plugins/importfeeds`: Added a new configuration option that controls
   the base for relative paths used in m3u files. Thanks to Philippe Mongeau.
 
-1.0.0 (in development)
-----------------------
+1.0.0 (January 29, 2013)
+------------------------
+
+After fifteen betas and two release candidates, beets has finally hit
+one-point-oh. Congratulations to everybody involved. This version of beets will
+remain stable and receive only bug fixes from here on out. New development is
+ongoing in the betas of version 1.1.
 
 * :doc:`/plugins/scrub`: Fix an incompatibility with Python 2.6.
 * :doc:`/plugins/lyrics`: Fix an issue that failed to find lyrics when metadata
diff --git a/docs/conf.py b/docs/conf.py
index 92db17f15..7b7f67876 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -13,7 +13,7 @@ project = u'beets'
 copyright = u'2012, Adrian Sampson'
 
 version = '1.1'
-release = '1.1b1-dev'
+release = '1.1b1'
 
 pygments_style = 'sphinx'
 
diff --git a/setup.py b/setup.py
index 17e5fef3d..43554d0c5 100755
--- a/setup.py
+++ b/setup.py
@@ -42,7 +42,7 @@ if 'sdist' in sys.argv:
     shutil.copytree(os.path.join(docdir, '_build', 'man'), mandir)
 
 setup(name='beets',
-      version='1.1b1',
+      version='1.1.0-beta.1',
       description='music tagger and library organizer',
       author='Adrian Sampson',
       author_email='adrian@radbox.org',