diff --git a/python/resources/idea/PythonApplicationInfo.xml b/python/resources/idea/PythonApplicationInfo.xml
index e832d03fa6c6..caa6a5376f5e 100644
--- a/python/resources/idea/PythonApplicationInfo.xml
+++ b/python/resources/idea/PythonApplicationInfo.xml
@@ -1,6 +1,6 @@
 <component>
   <!-- <version name="IntelliJ IDEA" major="6" minor="0.2 Beta"/> -->
-  <version codename="Public Preview" major="1" minor="0" eap="true" update-channel="pycharm"/>
+  <version codename="1.0 Beta" major="1" minor="0" eap="true" update-channel="pycharm"/>
   <build number="__BUILD_NUMBER__" date="__BUILD_DATE__"/>
   <logo url="/pycharm_logo.png" textcolor="FFCC00"/>
   <about url="/pycharm_about.png"/>