diff --git a/NEWS b/NEWS
index 47a8fa662..a7bdce543 100644
--- a/NEWS
+++ b/NEWS
@@ -4,30 +4,16 @@ repository history for details about what changed, including
 bugfixes and other issues not mentioned here.
 
 JTAG Layer:
-	New TI ICDI adapter support.
-	Support Latest OSBDM firmware.
-	Improved MIPS EJTAG Support.
 
 Boundary Scan:
 
 Target Layer:
-	New ARMv7R and Cortex-R4 support.
-	Added ChibiOS/RT support.
 
 Flash Layer:
-	New NXP LPC1850 support.
-	New NXP LPC4300 support.
-	New NXP SPIFI support.
-	New Energy Micro EFM32 support.
-	New ST STM32W support.
-	New ST STM32f2 write protection and lock/unlock support.
-	Ability to override STM32 flash bank size.
 
 Board, Target, and Interface Configuration Scripts:
-	Support Freescale i.MX6 series targets.
 
 Documentation:
-	New MIPS debugging info.
 
 Build and Release:
 
diff --git a/NEWS-0.7.0 b/NEWS-0.7.0
new file mode 100644
index 000000000..47a8fa662
--- /dev/null
+++ b/NEWS-0.7.0
@@ -0,0 +1,43 @@
+This file includes highlights of the changes made in the
+OpenOCD  source archive release.  See the
+repository history for details about what changed, including
+bugfixes and other issues not mentioned here.
+
+JTAG Layer:
+	New TI ICDI adapter support.
+	Support Latest OSBDM firmware.
+	Improved MIPS EJTAG Support.
+
+Boundary Scan:
+
+Target Layer:
+	New ARMv7R and Cortex-R4 support.
+	Added ChibiOS/RT support.
+
+Flash Layer:
+	New NXP LPC1850 support.
+	New NXP LPC4300 support.
+	New NXP SPIFI support.
+	New Energy Micro EFM32 support.
+	New ST STM32W support.
+	New ST STM32f2 write protection and lock/unlock support.
+	Ability to override STM32 flash bank size.
+
+Board, Target, and Interface Configuration Scripts:
+	Support Freescale i.MX6 series targets.
+
+Documentation:
+	New MIPS debugging info.
+
+Build and Release:
+
+For more details about what has changed since the last release,
+see the git repository history.  With gitweb, you can browse that
+in various levels of detail.
+
+For older NEWS, see the NEWS files associated with each release
+(i.e. NEWS-<version>).
+
+For more information about contributing test reports, bug fixes, or new
+features and device support, please read the new Developer Manual (or
+the BUGS and PATCHES.txt files in the source archive).
diff --git a/configure.ac b/configure.ac
index 6ec042dbc..a14f46f2a 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,5 +1,5 @@
 AC_PREREQ(2.60)
-AC_INIT([openocd], [0.7.0],
+AC_INIT([openocd], [0.8.0-dev],
   [OpenOCD Mailing List <openocd-devel@lists.sourceforge.net>])
 AC_CONFIG_SRCDIR([src/openocd.c])