diff --git a/CHANGES.md b/CHANGES.md
index 40d50b8..0be6033 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,49 +1,52 @@
 # mustache.js Changes
 
+## 0.5.0-dev (1/11/2012)
+
+  * Complete rewrite
+  * Removed support for pragmas
+
 ## 0.3.1-dev-twitter-b (8/23/2011)
 
-* Cached regexes for improved performance
+  * Cached regexes for improved performance
 
 ## 0.3.1-dev-twitter (12/3/2010)
 
-* fixed double-rendering bug
-* added Rhino test-runner alongside JavaScriptCore
+  * Fixed double-rendering bug
+  * Added Rhino test-runner alongside JavaScriptCore
 
 ## 0.3.1 (??-??-????)
 
 ## 0.3.0 (21-07-2010)
 
-* Improved whitespace handling.
-* Make IMPLICIT ITERATORS a first class feature.
-* Fix Rhino compat.
-* CommonJS packaging is no longer a special case.
-* DRY Rakefile.
-* Allow whitespace around tag names.
-* Fix partial scope.
-* Fix Comments.
-* Added inverted sections.
-* Avoid double encoding of entities.
-* Use sections to dereference subcontexts.
-* Added higher order sections.
-
+  * Improved whitespace handling
+  * Make IMPLICIT ITERATORS a first class feature
+  * Fix Rhino compat
+  * CommonJS packaging is no longer a special case
+  * DRY Rakefile
+  * Allow whitespace around tag names
+  * Fix partial scope
+  * Fix Comments
+  * Added inverted sections
+  * Avoid double encoding of entities
+  * Use sections to dereference subcontexts
+  * Added higher order sections
 
 ## 0.2.3 (28-03-2010)
 
-* Better error message for missing partials.
-* Added more robust type detection.
-* Parse pragmas only once.
-* Throw exception when encountering an unknown pragma.
-* Ignore undefined partial contexts. Returns verbatim partials.
-* Added yui3 packaging.
-
+  * Better error message for missing partials
+  * Added more robust type detection
+  * Parse pragmas only once
+  * Throw exception when encountering an unknown pragma
+  * Ignore undefined partial contexts. Returns verbatim partials
+  * Added yui3 packaging
 
 ## 0.2.2 (11-02-2010)
 
-* ctemplate compat: Partials are indicated by >, not <.
-* Add support for {{%PRAGMA}} to enable features.
-* Made array of strings an option. Enable with `{{%JSTACHE-ENABLE-STRING-ARRAYS}}`.
-* mustache compat: Don't barf on unknown variables.
-* Add `rake dojo` target to create a dojo package.
-* Add streaming api.
-* Rename JSTACHE-ENABLE-STRING-ARRAYS to IMPLICIT-ITERATOR.
-* Add support for pragma options.
+  * ctemplate compat: Partials are indicated by >, not <
+  * Add support for {{%PRAGMA}} to enable features
+  * Made array of strings an option. Enable with `{{%JSTACHE-ENABLE-STRING-ARRAYS}}`
+  * mustache compat: Don't barf on unknown variables
+  * Add `rake dojo` target to create a dojo package
+  * Add streaming api
+  * Rename JSTACHE-ENABLE-STRING-ARRAYS to IMPLICIT-ITERATOR
+  * Add support for pragma options