diff --git a/CHANGELOG.MD b/CHANGELOG.MD
index 846fd6c..29787f6 100644
--- a/CHANGELOG.MD
+++ b/CHANGELOG.MD
@@ -1,3 +1,7 @@
+* 0.5.0
+  * now supports Angular 2 beta 7
+  * now uses modernWebDevBuild 0.5.x
+  * now uses TypeScript 1.8.x
 * 0.4.1
   * now supports Angular 2 beta 6
   * removed tsd dependency
diff --git a/app/templates/projectFiles/jspm.conf.js b/app/templates/projectFiles/jspm.conf.js
index feaad6f..f9291e2 100644
--- a/app/templates/projectFiles/jspm.conf.js
+++ b/app/templates/projectFiles/jspm.conf.js
@@ -7,7 +7,7 @@ System.config({
   },
 
   map: {
-    "angular2": "npm:angular2@2.0.0-beta.6",
+    "angular2": "npm:angular2@2.0.0-beta.7",
     "babel": "npm:babel-core@6.5.0",
     "babel-runtime": "npm:babel-runtime@6.5.0",
     "normalize.css": "github:necolas/normalize.css@3.0.3",
@@ -84,14 +84,14 @@ System.config({
       "path": "github:jspm/nodelibs-path@0.1.0",
       "process": "github:jspm/nodelibs-process@0.1.2"
     },
-    "npm:angular2@2.0.0-beta.6": {
+    "npm:angular2@2.0.0-beta.7": {
       "crypto": "github:jspm/nodelibs-crypto@0.1.0",
-      "es6-promise": "npm:es6-promise@3.0.2",
+      "es6-promise": "npm:es6-promise@3.1.2",
       "es6-shim": "npm:es6-shim@0.33.13",
       "process": "github:jspm/nodelibs-process@0.1.2",
       "reflect-metadata": "npm:reflect-metadata@0.1.2",
-      "rxjs": "npm:rxjs@5.0.0-beta.0",
-      "zone.js": "npm:zone.js@0.5.14"
+      "rxjs": "npm:rxjs@5.0.0-beta.2",
+      "zone.js": "npm:zone.js@0.5.15"
     },
     "npm:asn1.js@4.4.0": {
       "assert": "github:jspm/nodelibs-assert@0.1.0",
@@ -406,7 +406,7 @@ System.config({
       "inherits": "npm:inherits@2.0.1",
       "systemjs-json": "github:systemjs/plugin-json@0.1.0"
     },
-    "npm:es6-promise@3.0.2": {
+    "npm:es6-promise@3.1.2": {
       "process": "github:jspm/nodelibs-process@0.1.2"
     },
     "npm:es6-shim@0.33.13": {
@@ -552,10 +552,6 @@ System.config({
       "buffer": "github:jspm/nodelibs-buffer@0.1.0",
       "process": "github:jspm/nodelibs-process@0.1.2"
     },
-    "npm:rxjs@5.0.0-beta.0": {
-      "buffer": "github:jspm/nodelibs-buffer@0.1.0",
-      "process": "github:jspm/nodelibs-process@0.1.2"
-    },
     "npm:rxjs@5.0.0-beta.2": {
       "buffer": "github:jspm/nodelibs-buffer@0.1.0",
       "process": "github:jspm/nodelibs-process@0.1.2"
@@ -620,8 +616,8 @@ System.config({
     "npm:vm-browserify@0.0.4": {
       "indexof": "npm:indexof@0.0.1"
     },
-    "npm:zone.js@0.5.14": {
-      "es6-promise": "npm:es6-promise@3.0.2",
+    "npm:zone.js@0.5.15": {
+      "es6-promise": "npm:es6-promise@3.1.2",
       "process": "github:jspm/nodelibs-process@0.1.2"
     }
   }
diff --git a/app/templates/projectTemplates/package.json b/app/templates/projectTemplates/package.json
index 1f7cbe7..de81308 100644
--- a/app/templates/projectTemplates/package.json
+++ b/app/templates/projectTemplates/package.json
@@ -17,7 +17,7 @@
   "jspm": {
     "configFile": "jspm.conf.js",
     "dependencies": {
-      "angular2": "npm:angular2@2.0.0-beta.6",
+      "angular2": "npm:angular2@2.0.0-beta.7",
       "babel-runtime": "npm:babel-runtime@6.5.0",
       "normalize.css": "github:necolas/normalize.css@3.0.3",
       "rxjs": "npm:rxjs@5.0.0-beta.2"
@@ -32,7 +32,7 @@
     "zone.js": "0.5.x",
     "es6-shim": "0.33.x",
     "rxjs": "5.0.0-beta.2",
-    "angular2": "2.0.0-beta.6"
+    "angular2": "2.0.0-beta.7"
   },
   "devDependencies": {
     "babel-core": "6.5.x",
@@ -41,8 +41,8 @@
     "gulp": "3.9.x",
     "jspm": "0.16.x",
     "nodemon": "1.8.x",
-    "typescript": "1.7.3",
-    "modern-web-dev-build": "0.4.x",
+    "typescript": "1.8.x",
+    "modern-web-dev-build": "0.5.x",
     "jasmine-core": "2.4.x",
     "karma-jasmine": "0.3.x",
     "typings": "0.x"
diff --git a/package.json b/package.json
index 7303ba5..b452ef1 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "generator-modern-web-dev",
-  "version": "0.4.1",
+  "version": "0.5.0",
   "description": "Modern Web Development Yeoman Generator: Gulp, ES2015, TypeScript, Angular 2, SASS, Minification, Bundling, Sourcemaps, ...",
   "author": {
     "name": "Sebastien Dubois",