diff --git a/LICENSE b/LICENSE
index ac0075d74..ffdbcdf45 100644
--- a/LICENSE
+++ b/LICENSE
@@ -1,6 +1,6 @@
 The MIT License (MIT)
 
-Copyright (c) 2013 David Steele
+Copyright (c) 2013-2014 David Steele
 
 Permission is hereby granted, free of charge, to any person obtaining a copy of
 this software and associated documentation files (the "Software"), to deal in
diff --git a/README.md b/README.md
index b25afb5d7..7bc3fb205 100644
--- a/README.md
+++ b/README.md
@@ -2,3 +2,24 @@ pg_backrest
 ===========
 
 Simple Postgres Backup and Restore
+
+release notes
+=============
+
+v0.01: Backup and archiving are functional
+
+This version has been put into production at Resonate, so it does work, but there are a number of major caveats.
+
+* No restore functionality, but the backup directories are consistent Postgres data directories.  You'll need to either uncompress the files or turn off compression in the backup.  Uncompressed backups on a ZFS (or similar) filesystem are a good option because backups can be restored locally via a snapshot to create logical backups or do spot data recovery.
+
+* Archiving is single-threaded.  This has not posed an issue on our multi-terabyte databases with heavy write volume.  Recommend a large WAL volume or to use the async option with a large volume nearby.
+
+* Backups are multi-threaded, but the Net::OpenSSH library does not appear to be 100% threadsafe so it will very occasionally lock up on a thread.  There is an overall process timeout that resolves this issue by killing the process.  Yes, very ugly.
+
+* Checksums are lost on any resumed backup. Only the final backup will record checksum on multiple resumes.  Checksums from previous backups are correctly recorded and a full backup will reset everything.
+
+* The backup.manifest is being written as Storable because Config::IniFile does not seem to handle large files well.  Would definitely like to save these as human-readable text.
+
+* Absolutely no documentation (outside the code).  Well, excepting these release notes.
+
+* Lots of other little things and not so little things.  Much refactoring to follow.
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