diff --git a/ChangeLog b/ChangeLog
index e1f8c4c3c8..867d8cd04e 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,43 @@
+2011.05.20, Version 0.4.8 (stable)
+
+* #974 Properly report traceless errors (isaacs)
+
+* #983 Better JSON.parse error detection in REPL (isaacs)
+
+* #836 Agent socket errors bubble up to req only if req exists
+
+* #1041 Fix event listener leak check timing (koichik)
+
+*	#1038 Fix dns.resolve() with 'PTR' throws Error: Unknown type "PTR"
+  (koichik)
+
+* #1073 Share SSL context between server connections (Fedor Indutny)
+
+* Disable compression with OpenSSL. Improves memory perf.
+
+* Implement os.totalmem() and os.freemem() for SunOS (Alexandre Marangone)
+
+* Fix a special characters in URL regression (isaacs)
+
+* Fix idle timeouts in HTTPS (Felix Geisendörfer)
+
+* SlowBuffer.write() with 'ucs2' throws ReferenceError. (koichik)
+
+* http.ServerRequest 'close' sometimes gets an error argument
+  (Felix Geisendörfer)
+
+* Doc improvements
+
+* cleartextstream.destroy() should close(2) the socket. Previously was being
+	mapped to a shutdown(2) syscall.
+
+* No longer compile out asserts and debug statements in normal build.
+
+* Debugger improvements.
+
+* Upgrade V8 to 3.1.8.16.
+
+
 2011.04.22, Version 0.4.7 (stable)
 
 * Don't emit error on ECONNRESET from read() #670
diff --git a/doc/index.html b/doc/index.html
index 758f02f8e5..c4dc5f16ac 100644
--- a/doc/index.html
+++ b/doc/index.html
@@ -26,7 +26,7 @@
         <li><a href="#download">Download</a></li>
         <li><a href="https://github.com/joyent/node/raw/v0.4/ChangeLog">ChangeLog</a></li>
         <li><a href="#about">About</a></li>
-        <li><a href="http://nodejs.org/docs/v0.4.7/api">v0.4.7 docs</a></li>
+        <li><a href="http://nodejs.org/docs/v0.4.8/api">v0.4.8 docs</a></li>
         <br/>
         <li><a href="https://github.com/joyent/node/wiki">Wiki</a></li>
         <li><a href="http://blog.nodejs.org/">Blog</a></li>
@@ -108,9 +108,9 @@ server.listen(1337, "127.0.0.1");
       </p>
 
       <p>
-        2011.04.22
-        <a href="http://nodejs.org/dist/node-v0.4.7.tar.gz">node-v0.4.7.tar.gz</a>
-        (<a href="http://nodejs.org/docs/v0.4.7/api/index.html">Documentation</a>)
+        2011.05.20
+        <a href="http://nodejs.org/dist/node-v0.4.8.tar.gz">node-v0.4.8.tar.gz</a>
+        (<a href="http://nodejs.org/docs/v0.4.8/api/index.html">Documentation</a>)
       </p>
 
       <p>Historical: <a href="http://nodejs.org/dist">versions</a>, <a href="http://nodejs.org/docs">docs</a></p>
diff --git a/src/node_version.h b/src/node_version.h
index 3eeeb73934..852c695410 100644
--- a/src/node_version.h
+++ b/src/node_version.h
@@ -28,7 +28,7 @@
 #define NODE_MAJOR_VERSION 0
 #define NODE_MINOR_VERSION 4
 #define NODE_PATCH_VERSION 8
-#define NODE_VERSION_IS_RELEASE 0
+#define NODE_VERSION_IS_RELEASE 1
 
 #ifndef NODE_STRINGIFY
 #define NODE_STRINGIFY(n) NODE_STRINGIFY_HELPER(n)
diff --git a/wscript b/wscript
index 3d978d7c78..e99a05d88f 100644
--- a/wscript
+++ b/wscript
@@ -854,7 +854,7 @@ def build(bld):
         , 'CPPFLAGS'  : " ".join(program.env["CPPFLAGS"]).replace('"', '\\"')
         , 'LIBFLAGS'  : " ".join(program.env["LIBFLAGS"]).replace('"', '\\"')
         , 'PREFIX'    : safe_path(program.env["PREFIX"])
-        , 'VERSION'   : '0.4.7' # FIXME should not be hard-coded, see NODE_VERSION_STRING in src/node_version.
+        , 'VERSION'   : '0.4.8' # FIXME should not be hard-coded, see NODE_VERSION_STRING in src/node_version.
         }
     return x