diff --git a/.gitignore b/.gitignore
index b2163f118..9619a7dfd 100644
--- a/.gitignore
+++ b/.gitignore
@@ -4,3 +4,11 @@
 wine-py2exe/
 py2exe.log
 *.kate-swp
+build/
+dist/
+MANIFEST
+README.txt
+youtube-dl.1
+youtube-dl.bash-completion
+youtube-dl
+youtube-dl.exe
diff --git a/MANIFEST.in b/MANIFEST.in
new file mode 100644
index 000000000..81f8e05cd
--- /dev/null
+++ b/MANIFEST.in
@@ -0,0 +1,3 @@
+include README.md
+include test/*.py
+include test/*.json
\ No newline at end of file
diff --git a/Makefile b/Makefile
index 2eb226fdb..470717a92 100644
--- a/Makefile
+++ b/Makefile
@@ -1,8 +1,8 @@
-all: youtube-dl README.md youtube-dl.1 youtube-dl.bash-completion LATEST_VERSION
+all: youtube-dl README.md README.txt youtube-dl.1 youtube-dl.bash-completion 
 # TODO: re-add youtube-dl.exe, and make sure it's 1. safe and 2. doesn't need sudo
 
 clean:
-	rm -f youtube-dl youtube-dl.exe youtube-dl.1 LATEST_VERSION
+	rm -rf youtube-dl youtube-dl.exe youtube-dl.1 youtube-dl.bash-completion README.txt MANIFEST build/ dist/
 
 PREFIX=/usr/local
 BINDIR=$(PREFIX)/bin
@@ -20,8 +20,7 @@ install: youtube-dl youtube-dl.1 youtube-dl.bash-completion
 test:
 	nosetests2 --nocapture test
 
-.PHONY: all clean install test README.md youtube-dl.bash-completion
-# TODO un-phony README.md and youtube-dl.bash_completion by reading from .in files and generating from them
+.PHONY: all clean install test
 
 youtube-dl: youtube_dl/*.py
 	zip --quiet youtube-dl youtube_dl/*.py
@@ -46,13 +45,13 @@ README.md: youtube_dl/*.py
 		echo '# CONFIGURATION' >> README.md && \
 		echo "$${footer}" >> README.md
 
+README.txt: README.md
+	pandoc -f markdown -t plain README.md -o README.txt
+
 youtube-dl.1: README.md
-	pandoc -s -w man README.md -o youtube-dl.1
+	pandoc -f markdown -t man README.md -o youtube-dl.1
 
-youtube-dl.bash-completion: README.md
+youtube-dl.bash-completion: README.md youtube-dl.bash-completion.in
 	@options=`egrep -o '(--[a-z-]+) ' README.md | sort -u | xargs echo` && \
-		content=`sed "s/opts=\"[^\"]*\"/opts=\"$${options}\"/g" youtube-dl.bash-completion` && \
+		content=`sed "s/opts=\"[^\"]*\"/opts=\"$${options}\"/g" youtube-dl.bash-completion.in` && \
 		echo "$${content}" > youtube-dl.bash-completion
-
-LATEST_VERSION: youtube_dl/__init__.py
-	python -m youtube_dl --version > LATEST_VERSION
diff --git a/setup.py b/setup.py
index ec63bedde..5dfbbc72d 100644
--- a/setup.py
+++ b/setup.py
@@ -1,31 +1,13 @@
-from distutils.core import setup, Command
+from distutils.core import setup
+import pkg_resources
 import sys
+
 try:
     import py2exe
 except ImportError:
-    sys.stderr.write("Cannot import py2exe")
-import subprocess
+    print >> sys.stderr, "Cannot import py2exe"
 
-"""The p2exe option will create an exe that needs Microsoft Visual C++ 2008 Redistributable Package.
-    python setup.py py2exe
-   You can also build a zip executable with
-    python setup.py bdist --format=zip
-
-   The test suite can be run with
-    python setup.py test
-
-
-    The actual version is defined by the last git tag
-"""
-
-# If run without args, build executables
-#if len(sys.argv) == 1:
-#    sys.argv.append("py2exe")
-
-# os.chdir(os.path.dirname(os.path.abspath(sys.argv[0]))) # conflict with wine-py2exe.sh
-#sys.path.append('./youtube_dl')
-
-options = {
+py2exe_options = {
     "bundle_files": 1,
     "compressed": 1,
     "optimize": 2,
@@ -33,33 +15,29 @@ options = {
     "dll_excludes": ['w9xpopen.exe']
 }
 
-console = [{
+py2exe_console = [{
     "script":"./youtube_dl/__main__.py",
     "dest_base": "youtube-dl",
 }]
 
-init_file = open('./youtube_dl/__init__.py')
+execfile('youtube_dl/version.py')
 
-try:
-    #return the last tag name
-    version = subprocess.checkoutput(["git", "describe", "--abbrev=0", "--tags"])
-except:
-    version = ''
+setup(
+    name = 'youtube_dl',
+    version = __version__,
+    description = 'Small command-line program to download videos from YouTube.com and other video sites',
+    url = 'https://github.com/rg3/youtube-dl',
+    author = 'Ricardo Garcia',
+    maintainer = 'Philipp Hagemeister',
+    maintainer_email = 'phihag@phihag.de',
+    packages = ['youtube_dl'],
 
-setup(name='youtube-dl',
-      version=version,
-      long_description='Small command-line program to download videos from YouTube.com and other video sites',
-      url='https://github.com/rg3/youtube-dl',
-      packages=['youtube_dl'],
-      #test suite
-      test_suite='nose.collector',
-      test_requires=['nosetest'],
-      console=console,
-      options={"py2exe": options},
-      scripts=['bin/youtube-dl'],
-      zipfile=None,
+    test_suite = 'nose.collector',
+    test_requires = ['nosetest'],
+
+    console = py2exe_console,
+    options = { "py2exe": py2exe_options },
+
+    scripts = ['bin/youtube-dl'],
+    zipfile = None,
 )
-
-#import shutil
-#shutil.rmtree("build")
-
diff --git a/youtube-dl b/youtube-dl
deleted file mode 100755
index fc3cc8ad8..000000000
--- a/youtube-dl
+++ /dev/null
@@ -1,6 +0,0 @@
-#!/usr/bin/env python
-
-import youtube_dl
-
-if __name__ == '__main__':
-    youtube_dl.main()
diff --git a/youtube-dl.bash-completion b/youtube-dl.bash-completion
deleted file mode 100644
index 3a2f62efb..000000000
--- a/youtube-dl.bash-completion
+++ /dev/null
@@ -1,14 +0,0 @@
-__youtube-dl()
-{
-    local cur prev opts
-    COMPREPLY=()
-    cur="${COMP_WORDS[COMP_CWORD]}"
-    opts="--all-formats --audio-format --audio-quality --auto-number --batch-file --buffer-size --console-title --continue --cookies --dump-user-agent --extract-audio --format --get-description --get-filename --get-format --get-thumbnail --get-title --get-url --help --id --ignore-errors --keep-video --list-extractors --list-formats --literal --match-title --max-downloads --max-quality --netrc --no-continue --no-mtime --no-overwrites --no-part --no-progress --no-resize-buffer --output --password --playlist-end --playlist-start --prefer-free-formats --quiet --rate-limit --reject-title --restrict-filenames --retries --simulate --skip-download --srt-lang --title --update --user-agent --username --verbose --version --write-description --write-info-json --write-srt"
-
-    if [[ ${cur} == * ]] ; then
-        COMPREPLY=( $(compgen -W "${opts}" -- ${cur}) )
-        return 0
-    fi
-}
-
-complete -F __youtube-dl youtube-dl
diff --git a/youtube-dl.bash-completion.in b/youtube-dl.bash-completion.in
new file mode 100644
index 000000000..c5d0e3f78
--- /dev/null
+++ b/youtube-dl.bash-completion.in
@@ -0,0 +1,14 @@
+__youtube-dl()
+{
+    local cur prev opts
+    COMPREPLY=()
+    cur="${COMP_WORDS[COMP_CWORD]}"
+    opts=""
+
+    if [[ ${cur} == * ]] ; then
+        COMPREPLY=( $(compgen -W "${opts}" -- ${cur}) )
+        return 0
+    fi
+}
+
+complete -F __youtube-dl youtube-dl
diff --git a/youtube_dl/__init__.py b/youtube_dl/__init__.py
index 37d6f8cfd..3bb573c16 100644
--- a/youtube_dl/__init__.py
+++ b/youtube_dl/__init__.py
@@ -23,7 +23,6 @@ __authors__  = (
     )
 
 __license__ = 'Public Domain'
-__version__ = '2012.11.29'
 
 UPDATE_URL = 'https://raw.github.com/rg3/youtube-dl/master/youtube-dl'
 UPDATE_URL_VERSION = 'https://raw.github.com/rg3/youtube-dl/master/LATEST_VERSION'
@@ -41,6 +40,7 @@ import sys
 import warnings
 
 from .utils import *
+from .version import __version__
 from .FileDownloader import *
 from .InfoExtractors import *
 from .PostProcessor import *
diff --git a/youtube_dl/version.py b/youtube_dl/version.py
new file mode 100644
index 000000000..f30283a62
--- /dev/null
+++ b/youtube_dl/version.py
@@ -0,0 +1,2 @@
+
+__version__ = '2012.11.29'