diff --git a/checkin_notes b/checkin_notes
index cd4e49760c..fbd81e3a39 100644
--- a/checkin_notes
+++ b/checkin_notes
@@ -513,3 +513,16 @@ Charlie 13 Jan 2012
         
     clientgui/
         MainDocument.cpp
+
+Rom    13 Dec 2012
+    NOTE: Some previously experimental features in the client software are
+      now important to have for the 7.0 release.  The existing 7.0 branch
+      will no longer be maintained, we'll create a new branch for the 7.0
+      client line at a later date.
+    
+    - Tag for 7.0.8 release, all platforms
+      boinc_core_release_7_0_8
+
+    /
+        configure.ac
+        version.h
diff --git a/configure.ac b/configure.ac
index c882238025..addedef1e7 100644
--- a/configure.ac
+++ b/configure.ac
@@ -6,7 +6,7 @@ dnl not sure exactly what the minimum version is (but 2.13 wont work)
 AC_PREREQ(2.58)
 
 dnl Set the BOINC version here.  You can also use the set-version script.
-AC_INIT(BOINC, 7.1.0)
+AC_INIT(BOINC, 7.0.8)
 AC_CONFIG_MACRO_DIR([m4])
 LIBBOINC_VERSION=`echo ${PACKAGE_VERSION} | sed 's/\./:/g'`
 AC_SUBST([LIBBOINC_VERSION])
diff --git a/version.h b/version.h
index d6fc8e4a86..4ab6e4cf8b 100644
--- a/version.h
+++ b/version.h
@@ -7,16 +7,16 @@
 #define BOINC_MAJOR_VERSION 7
 
 /* Minor part of BOINC version number */
-#define BOINC_MINOR_VERSION 1
+#define BOINC_MINOR_VERSION 0
 
 /* Release part of BOINC version number */
-#define BOINC_RELEASE 0
+#define BOINC_RELEASE 8
 
 /* String representation of BOINC version number */
-#define BOINC_VERSION_STRING "7.1.0"
+#define BOINC_VERSION_STRING "7.0.8"
 
 /* Package is a pre-release (Alpha/Beta) package */
-#define BOINC_PRERELEASE 1
+/* #define BOINC_PRERELEASE 1 */
 
 #if (defined(_WIN32) || defined(__APPLE__))
 /* Name of package */
@@ -29,13 +29,13 @@
 #define PACKAGE_NAME "BOINC"
 
 /* Define to the full name and version of this package. */
-#define PACKAGE_STRING "BOINC 7.1.0"
+#define PACKAGE_STRING "BOINC 7.0.8"
 
 /* Define to the one symbol short name of this package. */
 #define PACKAGE_TARNAME "boinc"
 
 /* Define to the version of this package. */
-#define PACKAGE_VERSION "7.1.0"
+#define PACKAGE_VERSION "7.0.8"
 
 #endif /* #if (defined(_WIN32) || defined(__APPLE__)) */