Main ReadMe News, August 31, 2016

README.md

@@ -1,18 +1,29 @@
 # CNTK
 
 ## Latest news
-*2016-08-10.* CNTK now supports **Gated Recurrent Units (GRU)**. Read more in the [corresponding article](https://github.com/Microsoft/CNTK/wiki/GRUs-on-CNTK-with-BrainScript).
+*2016-08-31.* V 1.7 Binary release  
+Highlights of this Release:
+* Improvements in BrainScript (New library of predefined common layer types, Support of cuDNN5 RNN and Common random-initialization types, improved handling of GRUs)
+* Support of NVIDIA cuDNN 5.1
+* Improvements in Readers and Deserializers
+* Additions to Evaluator Library (Eval Client Sample, Strong Name for EvalWrapper)
+* New in Unit Tests (Linux support, Randomization engines)
+* Python API Preview (since V.1.5)
+* Multiple bug fixes
+
+See more in the [Release Notes](https://github.com/Microsoft/CNTK/wiki/CNTK_1_7_Release_Notes)  
+Get the Release from the [CNTK Releases page](https://github.com/Microsoft/CNTK/releases)
+
+*2016-08-29.* Two new Tutorials are available:  
+[Image recognition](https://github.com/Microsoft/CNTK/wiki/Hands-On-Labs-Image-Recognition) (CIFAR-10) and [Language understanding](https://github.com/Microsoft/CNTK/wiki/Hands-On-Labs-Image-Recognition) (ATIS).
+
+*2016-08-10.* We have significantly simplified handling of **Gated Recurrent Units (GRU)**. Read more in the [corresponding article](https://github.com/Microsoft/CNTK/wiki/GRUs-on-CNTK-with-BrainScript).
 
 *2016-07-15.* V 1.6 Binary release  
 CNTK v.1.6 binaries are on the [CNTK Releases page](https://github.com/Microsoft/CNTK/releases)
 
 *2016-07-12.* We have further expanded Licensing options for CNTK 1bit-SGD and related components. See the details at the [Wiki page](https://github.com/microsoft/cntk/wiki/CNTK-1bit-SGD-License). These new options are an extension of the new CNTK 1bit-SGD License that we have announced on Jun 23, 2016.
 
-*2016-07-05.* CNTK now supports *Deconvolution* and *Unpooling*. See the usage example in the Network number 4 in [MNIST Sample](https://github.com/Microsoft/CNTK/blob/master/Examples/Image/MNIST/README.md).
-
-*2016-06-23.* New License Terms for CNTK 1bit-SGD and related components.  
-Effective immediately the License Terms for CNTK 1bit-SGD and related components have changed. The new Terms provide more flexibility and enable new usage scenarios, especially in commercial environments. Read the new Terms at the [standard location](https://cntk1bitsgd.codeplex.com/license). Please note, that while the new Terms are significantly more flexible comparing to the previous ones, they are still **more restrictive** than the main CNTK License. Consequently everything described in [Enabling 1bit-SGD](https://github.com/Microsoft/CNTK/wiki/Enabling-1bit-SGD) section of the Wiki remains valid.
-
 See [all news](https://github.com/Microsoft/CNTK/wiki/News).
 
 ## What is CNTK