diff --git a/lib/jasmine-core/jasmine.js b/lib/jasmine-core/jasmine.js
index a9c03f73..9ae2ad53 100644
--- a/lib/jasmine-core/jasmine.js
+++ b/lib/jasmine-core/jasmine.js
@@ -2520,9 +2520,11 @@ jasmine.WaitsForBlock.prototype.execute = function(onComplete) {
     }, jasmine.WaitsForBlock.TIMEOUT_INCREMENT);
   }
 };
+
 jasmine.version_= {
   "major": 1,
-  "minor": 1,
+  "minor": 2,
   "build": 0,
-  "revision": 1333301588
+  "revision": 1333310589,
+  "release_candidate": 1
 };
diff --git a/lib/jasmine-core/version.rb b/lib/jasmine-core/version.rb
index 6bb7db79..61e85cb9 100644
--- a/lib/jasmine-core/version.rb
+++ b/lib/jasmine-core/version.rb
@@ -1,6 +1,6 @@
 module Jasmine
   module Core
-    VERSION = "1.1.0"
+    VERSION = "1.2.0.rc1"
   end
 end
 
diff --git a/spec/tasks/version_spec.rb b/spec/tasks/version_spec.rb
index 5018252a..861357d7 100644
--- a/spec/tasks/version_spec.rb
+++ b/spec/tasks/version_spec.rb
@@ -21,7 +21,7 @@ describe "Version tasks" do
       js_version.should match(%Q{"build": #{jasmine_version_object["build"]}})
 
       if jasmine_version_object["release_candidate"]
-        js_version.should match(%Q{"rc:" #{jasmine_version_object["release_candidate"]}})
+        js_version.should match(%Q{"release_candidate": #{jasmine_version_object["release_candidate"]}})
       end
 
       js_version.should match(/"revision": \d+/)
diff --git a/src/templates/version.js.erb b/src/templates/version.js.erb
index 88d52242..ad5eddb8 100644
--- a/src/templates/version.js.erb
+++ b/src/templates/version.js.erb
@@ -1,3 +1,4 @@
+
 jasmine.version_= {
   "major": <%= major %>,
   "minor": <%= minor %>,
diff --git a/src/version.js b/src/version.js
index f689fbe0..9b6209f9 100644
--- a/src/version.js
+++ b/src/version.js
@@ -1,6 +1,8 @@
+
 jasmine.version_= {
   "major": 1,
-  "minor": 1,
+  "minor": 2,
   "build": 0,
-  "revision": 1333304168
+  "revision": 1333310630,
+  "release_candidate": 1
 };
diff --git a/tasks/jasmine_dev/version.rb b/tasks/jasmine_dev/version.rb
index 18f42a03..0b97c8e3 100644
--- a/tasks/jasmine_dev/version.rb
+++ b/tasks/jasmine_dev/version.rb
@@ -1,6 +1,7 @@
 class JasmineDev < Thor
 
   desc "write_version_files", "Write out version files"
+
   def write_version_files
     say JasmineDev.spacer
 
@@ -16,9 +17,16 @@ class JasmineDev < Thor
     create_file File.join(JasmineDev.project_root, 'src', 'version.js'), :force => true do
       js_template.render(scope)
     end
+
+    rb_template = Tilt.new(File.join(JasmineDev.project_root, 'src', 'templates', 'version.rb.erb'))
+
+    create_file File.join(JasmineDev.project_root, 'lib', 'jasmine-core', 'version.rb'), :force => true do
+      rb_template.render(scope)
+    end
   end
 
   desc "display_version", "Display version currently stored in source"
+
   def display_version
 
     say "Current version information from src/version.json", :cyan