diff --git a/README b/README
index fdae31a..c11aaeb 100644
--- a/README
+++ b/README
@@ -108,6 +108,11 @@ projects:
 CHANGES
 =======
 
+1.2 - ?
+-------
+
+?
+
 1.1 - 2012-02-14
 ----------------
 
diff --git a/flake8/__init__.py b/flake8/__init__.py
index 2f3b713..6f3c0d1 100644
--- a/flake8/__init__.py
+++ b/flake8/__init__.py
@@ -1,3 +1,3 @@
 #
 
-__version__ = '1.1'
+__version__ = '1.2'