diff --git a/NEWS.rst b/NEWS.rst
index f4812b9d..62935770 100644
--- a/NEWS.rst
+++ b/NEWS.rst
@@ -1,6 +1,57 @@
-WirePlumber 0.4.81
+WirePlumber 0.4.82
 ~~~~~~~~~~~~~~~~~~~
 
+This is a second pre-release of WirePlumber 0.5.0, made available for testing
+purposes. This is not API/ABI stable yet and there is still pending work to do
+before the final 0.5.0 release, both in the codebase and the documentation.
+
+Highlights:
+
+  - Bluetooth auto-switching is now implemented with a virtual source node. When
+    an application links to it, the actual device switches to the HSP/HFP
+    profile to provide the real audio stream. This is a more robust solution
+    that works with more applications and is more user-friendly than the
+    previous application whitelist approach
+
+  - Added support for dynamic log level changes via the PipeWire ``settings``
+    metadata. Also added support for log level patterns in the configuration
+    file
+
+  - The "persistent" (i.e. stored) settings approach has changed to use two
+    different metadata objects: ``sm-settings`` and ``persistent-sm-settings``.
+    Changes in the former are applied in the current session but not stored,
+    while changes in the latter are stored and restored at startup. Some work
+    was also done to expose a ``wpctl`` interface to read and change these
+    settings, but more is underway
+
+  - Several WirePlumber-specific node properties that used to be called
+    ``target.*`` have been renamed to ``node.*`` to match the PipeWire
+    convention of ``node.dont-reconnect``. These are also now fully documented
+
+Other changes:
+
+  - Many documentation updates
+
+  - Added support for SNAP container permissions
+
+  - Fixed multiple issues related to restoring the Route parameter of devices,
+    which includes volume state (#551)
+
+  - Smart filters can now be targetted by specific streams directly when
+    the ``filter.smart.targetable`` property is set (#554)
+
+  - Ported the mechanism to override device profile priorities in the
+    configuration, which is used to re-prioritize Bluetooth codecs
+
+  - WpSettings is no longer a singleton class and there is a built-in component
+    to preload an instance of it
+
+Past releases
+~~~~~~~~~~~~~
+
+WirePlumber 0.4.81
+..................
+
 This is a preliminary release of WirePlumber 0.5.0, which is made available
 for testing purposes. Please test it and report feedback (merge requests are
 also welcome ;) ). This is not API/ABI stable yet and there is still pending
@@ -55,9 +106,6 @@ Highlights:
     the same camera device, which can cause confusion when looking at the list
     of available cameras in applications.
 
-Past releases
-~~~~~~~~~~~~~
-
 WirePlumber 0.4.17
 ..................
 
diff --git a/meson.build b/meson.build
index 51855b4a..e7e98300 100644
--- a/meson.build
+++ b/meson.build
@@ -1,5 +1,5 @@
 project('wireplumber', ['c'],
-  version : '0.4.81',
+  version : '0.4.82',
   license : 'MIT',
   meson_version : '>= 0.59.0',
   default_options : [