diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6c887dc..00c0272 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,4 @@
-## [0.8.1](https://github.com/fgrehm/vagrant-lxc/compare/v0.8.0...master) (unreleased)
+## [1.0.0.beta1](https://github.com/fgrehm/vagrant-lxc/compare/v0.8.0...master) (unreleased)
 
 DEPRECATIONS:
 
diff --git a/Gemfile.lock b/Gemfile.lock
index 9e4d4cb..e6ae194 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -39,7 +39,7 @@ GIT
 PATH
   remote: .
   specs:
-    vagrant-lxc (0.8.1.dev)
+    vagrant-lxc (1.0.0.beta1.dev)
 
 GEM
   remote: https://rubygems.org/
diff --git a/README.md b/README.md
index 125df53..241dc34 100644
--- a/README.md
+++ b/README.md
@@ -9,14 +9,18 @@ as an alternative to the built in VirtualBox provider for Linux hosts. Check out
 [this blog post](http://fabiorehm.com/blog/2013/04/28/lxc-provider-for-vagrant/)
 to see it in action.
 
+**NOTICE:** The master branch is targetting an initial beta for 1.0.0, for the
+latest stable version of the plugin, please check the [0.8-stable](https://github.com/fgrehm/vagrant-lxc/tree/0.8-stable)
+branch.
 
-## Features / Limitations
+
+## Features
 
 * Provides the same workflow as the Vagrant VirtualBox provider
 * Port forwarding via [`redir`](http://linux.die.net/man/1/redir)
-* Does not support public / private networks
-* Assumes you have a `lxcbr0` bridge configured on your host similar to [Ubuntu's built-in](https://help.ubuntu.com/lts/serverguide/lxc.html#lxcbr0)
 
+As of now, it does not support public / private networks, but [private networks](https://github.com/fgrehm/vagrant-lxc/issues/120)
+will be coming along _soon_.
 
 ## Requirements
 
diff --git a/lib/vagrant-lxc/version.rb b/lib/vagrant-lxc/version.rb
index 714ec29..4bc60a1 100644
--- a/lib/vagrant-lxc/version.rb
+++ b/lib/vagrant-lxc/version.rb
@@ -1,5 +1,5 @@
 module Vagrant
   module LXC
-    VERSION = "0.8.1.dev"
+    VERSION = "1.0.0.beta1.dev"
   end
 end