diff --git a/extension/CHANGELOG.md b/extension/CHANGELOG.md
index a0448b1..2c0e5e8 100755
--- a/extension/CHANGELOG.md
+++ b/extension/CHANGELOG.md
@@ -3,7 +3,7 @@ TODO:
 
     - Remove __MACOSX directory in the root of the XPI (when publishing to AMO)
 
-2011-12-08 - Release Version: 0.6.3b2
+2011-12-08 - Release Version: 0.7.0b1
 
     - Set browser min version to `8.*`
     - Set browser max version to `10.*`
diff --git a/extension/chrome/content/lib/firephp.js b/extension/chrome/content/lib/firephp.js
index 9422258..faed651 100644
--- a/extension/chrome/content/lib/firephp.js
+++ b/extension/chrome/content/lib/firephp.js
@@ -41,7 +41,7 @@ function(Obj, Firefox, Wildfire, Renderer, Viewer, FirePHPLib, WINDOW)
 		this.version = "%%Version%%";
 	    // During development
 	    if (this.version === ("%%"+"Version"+"%%")) {
-	        this.version = "0.6";
+	        this.version = "0.7";
 	    }
 		this.app = null;
 		this.enabled = false;