diff --git a/INSTALL b/INSTALL
index 35f81c82..f28be4ce 100644
--- a/INSTALL
+++ b/INSTALL
@@ -6,9 +6,10 @@ Compiling and installing psycopg
    option. psycopg2 will work correctly even with a non-thread-safe libpq but
    libpq will leak memory.
 
-While psycopg 1.x used autoconf for its build process psycopg 2 switched to
-the more pythonic setup.py. Before building psycopg look at setup.cfg file
-and change any settings to follow your system (or taste); then:
+psycopg2 uses distutils for its build process, so most of the process is
+executed by the setup.py script.  Before building psycopg look at
+setup.cfg file and change any settings to follow your system (or taste);
+then:
 
     python setup.py build
 
diff --git a/README b/README
index b00039f5..93d25d0c 100644
--- a/README
+++ b/README
@@ -2,21 +2,18 @@ psycopg2 - Python-PostgreSQL Database Adapter
 ********************************************
 
 psycopg2 is a PostgreSQL database adapter for the Python programming
-language. This is version 2, a complete rewrite of the original code to
-provide new-style classes for connection and cursor objects and other
-sweet candies. Like the original, psycopg2 was written with the aim of
-being very small and fast, and stable as a rock.
+language.  psycopg2 was written with the aim of being very small and fast,
+and stable as a rock.
 
 psycopg2 is different from the other database adapter because it was
 designed for heavily multi-threaded applications that create and destroy
 lots of cursors and make a conspicuous number of concurrent INSERTs or
-UPDATEs. psycopg2 also provide full asycronous operations for the really
-brave programmer.
+UPDATEs. psycopg2 also provide full asycronous operations and support
+for coroutine libraries.
 
-There are confirmed reports of psycopg 1.x compiling and running on Linux
-and FreeBSD on i386, Solaris, MacOS X and win32 architectures. psycopg2
-does not introduce build-wise incompatible changes so it should be able to
-compile on all architectures just as its predecessor did.
+psycopg2 can compile and run on Linux, FreeBSD, Solaris, MacOS X and
+Windows architecture. It supports Python versions from 2.4 onwards and
+PostgreSQL versions from 7.4 onwards.
 
 psycopg2 is free software ("free as in freedom" but I like beer too.)
 It is licensed under the GNU Lesser General Public License, version 3 or
diff --git a/setup.py b/setup.py
index 10153ccd..642d93b8 100644
--- a/setup.py
+++ b/setup.py
@@ -14,17 +14,15 @@
 
 """Python-PostgreSQL Database Adapter
 
-psycopg is a PostgreSQL database adapter for the Python programming
-language. This is version 2, a complete rewrite of the original code to
-provide new-style classes for connection and cursor objects and other sweet
-candies. Like the original, psycopg 2 was written with the aim of being
-very small and fast, and stable as a rock.
+psycopg2 is a PostgreSQL database adapter for the Python programming
+language.  psycopg2 was written with the aim of being very small and fast,
+and stable as a rock.
 
-psycopg is different from the other database adapter because it was
+psycopg2 is different from the other database adapter because it was
 designed for heavily multi-threaded applications that create and destroy
 lots of cursors and make a conspicuous number of concurrent INSERTs or
-UPDATEs. psycopg 2 also provide full asycronous operations for the really
-brave programmer.
+UPDATEs. psycopg2 also provide full asycronous operations and support
+for coroutine libraries.
 """
 
 classifiers = """\