diff --git a/CMakeLists.txt b/CMakeLists.txt
index 4ecf7adc..d2cad2d4 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -39,8 +39,8 @@ if (WIN32)
 endif (WIN32)
 
 SET(TAGLIB_LIB_MAJOR_VERSION "1")
-SET(TAGLIB_LIB_MINOR_VERSION "6")
-SET(TAGLIB_LIB_PATCH_VERSION "3")
+SET(TAGLIB_LIB_MINOR_VERSION "7")
+SET(TAGLIB_LIB_PATCH_VERSION "0")
 
 SET(TAGLIB_LIB_VERSION_STRING "${TAGLIB_LIB_MAJOR_VERSION}.${TAGLIB_LIB_MINOR_VERSION}.${TAGLIB_LIB_PATCH_VERSION}")
 
diff --git a/Makefile.am b/Makefile.am
index edc8b94e..1c51b5ac 100644
--- a/Makefile.am
+++ b/Makefile.am
@@ -38,7 +38,7 @@ apidox:
 	fi; \
 	cp $(top_srcdir)/admin/Doxyfile.global taglib.doxyfile; \
 	echo "PROJECT_NAME        = TagLib" >> taglib.doxyfile; \
-	echo "PROJECT_NUMBER      = \"Version 1.6.3\"" >> taglib.doxyfile; \
+	echo "PROJECT_NUMBER      = \"Version 1.7\"" >> taglib.doxyfile; \
 	echo "INPUT               = $(srcdir)" >> taglib.doxyfile; \
 	echo "OUTPUT_DIRECTORY    = doc/api" >> taglib.doxyfile; \
 	echo "HTML_OUTPUT         = html" >> taglib.doxyfile; \
diff --git a/NEWS b/NEWS
index 512c29b6..017178bd 100644
--- a/NEWS
+++ b/NEWS
@@ -1,6 +1,8 @@
 TagLib 1.7
 ==========
 
+1.7 RC1:
+
  * Support for reading/writing tags from Monkey's Audio files. (BUG:210404)
  * Support for reading/writing embedded pictures from WMA files.
  * Support for reading/writing embedded pictures from FLAC files (BUG:218696).
@@ -12,7 +14,9 @@ TagLib 1.7
  * Added function ByteVector::toHex() for hex-encoding of byte vectors.
  * WavPack reader now tries to get the audio length by finding the final
    block, if the header doesn't have the information. (BUG:258016)
-* Fixed a memory leak in the ID3v2.2 PIC frame parser. (BUG:257007)
+ * Fixed a memory leak in the ID3v2.2 PIC frame parser. (BUG:257007)
+ * Fixed writing of RIFF files with even chunk sizes. (BUG:243954)
+ * Fixed compilation on MSVC 2010.
 
 TagLib 1.6.3 (Apr 17, 2010)
 ===========================
diff --git a/bindings/c/taglib_c.pc.in b/bindings/c/taglib_c.pc.in
index 7aeed91b..21b90acc 100644
--- a/bindings/c/taglib_c.pc.in
+++ b/bindings/c/taglib_c.pc.in
@@ -6,6 +6,6 @@ includedir=@includedir@
 Name: TagLib C Bindings
 Description: Audio meta-data library (C bindings)
 Requires: taglib
-Version: 1.6.3
+Version: 1.7.0
 Libs: -L${libdir} -ltag_c
 Cflags: -I${includedir}/taglib 
diff --git a/configure.in.in b/configure.in.in
index 91ed481b..3b0bc68e 100644
--- a/configure.in.in
+++ b/configure.in.in
@@ -38,7 +38,7 @@ dnl Perform program name transformation
 AC_ARG_PROGRAM
 
 dnl Automake doc recommends to do this only here. (Janos)
-AM_INIT_AUTOMAKE(taglib,1.6.3)
+AM_INIT_AUTOMAKE(taglib,1.7.0)
 
 dnl almost the same like KDE_SET_PEFIX but the path is /usr/local
 dnl
diff --git a/taglib-config.cmake b/taglib-config.cmake
index d7d49e6a..ccec06f6 100644
--- a/taglib-config.cmake
+++ b/taglib-config.cmake
@@ -35,7 +35,7 @@ do
 	  flags="$flags -I$includedir/taglib"
 	  ;;
     --version)
-	  echo 1.6.3
+	  echo 1.7.0
 	  ;;
     --prefix)
 	  echo $prefix
diff --git a/taglib-config.in b/taglib-config.in
index 359def77..6a9ab263 100644
--- a/taglib-config.in
+++ b/taglib-config.in
@@ -35,7 +35,7 @@ do
 	  flags="$flags -I$includedir/taglib"
 	  ;;
     --version)
-	  echo 1.6.3
+	  echo 1.7.0
 	  ;;
     --prefix)
 	  echo $prefix
diff --git a/taglib.pc.in b/taglib.pc.in
index 3ab0c279..0b3a5392 100644
--- a/taglib.pc.in
+++ b/taglib.pc.in
@@ -6,6 +6,6 @@ includedir=@includedir@
 Name: TagLib
 Description: Audio meta-data library
 Requires: 
-Version: 1.6.3
+Version: 1.7.0
 Libs: -L${libdir} -ltag
 Cflags: -I${includedir}/taglib 
diff --git a/taglib/toolkit/taglib.h b/taglib/toolkit/taglib.h
index 811d4584..d55138cd 100644
--- a/taglib/toolkit/taglib.h
+++ b/taglib/toolkit/taglib.h
@@ -27,8 +27,8 @@
 #define TAGLIB_H
 
 #define TAGLIB_MAJOR_VERSION 1
-#define TAGLIB_MINOR_VERSION 6
-#define TAGLIB_PATCH_VERSION 3
+#define TAGLIB_MINOR_VERSION 7
+#define TAGLIB_PATCH_VERSION 0
 
 #if defined(__GNUC__) && (__GNUC__ > 4 || (__GNUC__ == 4 && __GNUC_MINOR__ > 1))
 #define TAGLIB_IGNORE_MISSING_DESTRUCTOR _Pragma("GCC diagnostic ignored \"-Wnon-virtual-dtor\"")