diff --git a/README b/README
index 5df2d2b056..a8f26f0c06 100644
--- a/README
+++ b/README
@@ -1,4 +1,4 @@
-GStreamer 1.1.x development series
+GStreamer 1.2.x stable series
 
 WHAT IT IS
 ----------
diff --git a/common b/common
index 6b03ba716b..7412249950 160000
--- a/common
+++ b/common
@@ -1 +1 @@
-Subproject commit 6b03ba716b9861277a435677ad9e31b3e14284e9
+Subproject commit 7412249950b9fb00f78feb26277f84233fa4e4b4