diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2a97dc6740b..d8475b9fb2c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,7 +1,19 @@
 Ansible Changes By Release
 ==========================
 
-## 1.7 "Summer Nights" - Active Development
+## 1.8 "You Really Got Me" - Active Development
+
+
+## 1.7.1 "Summer Nights" - Aug 14, 2014
+
+- Security fix to disallow specifying 'args:' as a string, which could allow the insertion of extra module parameters through variables.
+- Performance enhancements related to previous security fixes, which could cause slowness when modules returned very large JSON results. This specifically impacted the unarchive module frequently, which returns the details of all unarchived files in the result.
+- Docker module bug fixes:
+  * Fixed support for specifying rw/ro bind modes for volumes
+  * Fixed support for allowing the tag in the image parameter
+- Various other bug fixes
+
+## 1.7 "Summer Nights" - Aug 06, 2014
 
 Major new features:
 
diff --git a/RELEASES.txt b/RELEASES.txt
index 03ad5d92716..94be0392b90 100644
--- a/RELEASES.txt
+++ b/RELEASES.txt
@@ -4,8 +4,10 @@ Ansible Releases at a Glance
 Active Development
 ++++++++++++++++++
 
-1.7    "Summer Nights" -------- SUMMER 2014
+1.8    "You Really Got Me" ---- FALL 2014
 
+1.7.1  "Summer Nights" -------- 08-14-2014
+1.7    "Summer Nights" -------- 08-06-2014
 1.6.10 "The Cradle Will Rock" - 07-25-2014
 1.6.9  "The Cradle Will Rock" - 07-24-2014
 1.6.8  "The Cradle Will Rock" - 07-22-2014
diff --git a/VERSION b/VERSION
index d3bdbdf1fda..943f9cbc4ec 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.7
+1.7.1
diff --git a/lib/ansible/__init__.py b/lib/ansible/__init__.py
index 7d01332c535..e6a1f8e35d5 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__ = '1.7.1'
 __author__ = 'Michael DeHaan'
diff --git a/packaging/debian/changelog b/packaging/debian/changelog
index 2ef65f97f03..1e338c8651c 100644
--- a/packaging/debian/changelog
+++ b/packaging/debian/changelog
@@ -1,8 +1,14 @@
+ansible (1.7.1) unstable; urgency=low
+
+  * 1.7.1 release
+
+ -- Michael DeHaan <michael@ansible.com>  Thu, 14 Aug 2014 17:00:00 -0500
+
 ansible (1.7) unstable; urgency=low
 
-  * 1.7 release (PENDING)
+  * 1.7 release
 
- -- Michael DeHaan <michael@ansible.com>  Wed, 07 May 2014 15:00:03 -0500
+ -- Michael DeHaan <michael@ansible.com>  Web, 06 Aug 2014 13:00:00 -0500
 
 ansible (1.6.10) unstable; urgency=low
 
diff --git a/packaging/rpm/ansible.spec b/packaging/rpm/ansible.spec
index 3d1b82bb049..5973f5b7945 100644
--- a/packaging/rpm/ansible.spec
+++ b/packaging/rpm/ansible.spec
@@ -115,6 +115,9 @@ rm -rf %{buildroot}
 
 %changelog
 
+* Thu Aug 14 2014 Michael DeHaan <michael@ansible.com> - 1.7.1
+- Release 1.7.1
+
 * Wed Aug 06 2014 Michael DeHaan <michael@ansible.com> - 1.7.0
 - Release 1.7.0