diff --git a/CHANGELOG.md b/CHANGELOG.md
index 84b969299..e4b66ecb6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,4 @@
-## 0.7.0 (unreleased)
+## 0.7.0.beta (December 24, 2010)
 
   - VirtualBox 4.0 support. Support for VirtualBox 3.2 is _dropped_, since
     the API is so different. Stay with the 0.6.x series if you have VirtualBox
diff --git a/lib/vagrant/version.rb b/lib/vagrant/version.rb
index 3f33744ca..2e1a63aca 100644
--- a/lib/vagrant/version.rb
+++ b/lib/vagrant/version.rb
@@ -2,5 +2,5 @@ module Vagrant
   # This will always be up to date with the current version of Vagrant,
   # since it is used to generate the gemspec and is also the source of
   # the version for `vagrant -v`
-  VERSION = "0.7.0.dev"
+  VERSION = "0.7.0.beta"
 end