diff --git a/setup.py b/setup.py
index 564ca8331929..821c7c430a4b 100755
--- a/setup.py
+++ b/setup.py
@@ -57,8 +57,8 @@
 MAJOR               = 1
 MINOR               = 7
 MICRO               = 0
-ISRELEASED          = False
-VERSION             = '%d.%d.%drc1' % (MAJOR, MINOR, MICRO)
+ISRELEASED          = True
+VERSION             = '%d.%d.%db2' % (MAJOR, MINOR, MICRO)
 
 # Return the git revision as a string
 def git_version():