diff --git a/Rakefile b/Rakefile
index 5585280589..aae59b8ecc 100644
--- a/Rakefile
+++ b/Rakefile
@@ -46,33 +46,7 @@ else
 end
 
 desc 'Bump all versions to match version.rb'
-task :update_versions do
-  require File.dirname(__FILE__) + "/version"
-
-  File.open("RAILS_VERSION", "w") do |f|
-    f.puts Rails::VERSION::STRING
-  end
-
-  constants = {
-    "activesupport"   => "ActiveSupport",
-    "activemodel"     => "ActiveModel",
-    "actionpack"      => "ActionPack",
-    "actionview"      => "ActionView",
-    "actionmailer"    => "ActionMailer",
-    "activerecord"    => "ActiveRecord",
-    "railties"        => "Rails"
-  }
-
-  version_file = File.read("version.rb")
-
-  PROJECTS.each do |project|
-    Dir["#{project}/lib/*/gem_version.rb"].each do |file|
-      File.open(file, "w") do |f|
-        f.write version_file.gsub(/Rails/, constants[project])
-      end
-    end
-  end
-end
+task :update_versions => "all:update_versions"
 
 # We have a webhook configured in GitHub that gets invoked after pushes.
 # This hook triggers the following tasks:
diff --git a/tasks/release.rb b/tasks/release.rb
index a55cb68a47..849117884c 100644
--- a/tasks/release.rb
+++ b/tasks/release.rb
@@ -15,38 +15,37 @@
       rm_f gem
     end
 
-    task :update_version_rb do
+    task :update_versions do
       glob = root.dup
-      glob << "/#{framework}/lib/*" unless framework == "rails"
-      glob << "/version.rb"
+      if framework == "rails"
+        glob << "/version.rb"
+      else
+        glob << "/#{framework}/lib/*"
+        glob << "/gem_version.rb"
+      end
 
       file = Dir[glob].first
       ruby = File.read(file)
 
-      if framework == "rails" || framework == "railties"
-        major, minor, tiny, pre = version.split('.')
-        pre = pre ? pre.inspect : "nil"
+      major, minor, tiny, pre = version.split('.')
+      pre = pre ? pre.inspect : "nil"
 
-        ruby.gsub!(/^(\s*)MAJOR(\s*)= .*?$/, "\\1MAJOR = #{major}")
-        raise "Could not insert MAJOR in #{file}" unless $1
+      ruby.gsub!(/^(\s*)MAJOR(\s*)= .*?$/, "\\1MAJOR = #{major}")
+      raise "Could not insert MAJOR in #{file}" unless $1
 
-        ruby.gsub!(/^(\s*)MINOR(\s*)= .*?$/, "\\1MINOR = #{minor}")
-        raise "Could not insert MINOR in #{file}" unless $1
+      ruby.gsub!(/^(\s*)MINOR(\s*)= .*?$/, "\\1MINOR = #{minor}")
+      raise "Could not insert MINOR in #{file}" unless $1
 
-        ruby.gsub!(/^(\s*)TINY(\s*)= .*?$/, "\\1TINY  = #{tiny}")
-        raise "Could not insert TINY in #{file}" unless $1
+      ruby.gsub!(/^(\s*)TINY(\s*)= .*?$/, "\\1TINY  = #{tiny}")
+      raise "Could not insert TINY in #{file}" unless $1
 
-        ruby.gsub!(/^(\s*)PRE(\s*)= .*?$/, "\\1PRE   = #{pre}")
-        raise "Could not insert PRE in #{file}" unless $1
-      else
-        ruby.gsub!(/^(\s*)Gem::Version\.new .*?$/, "\\1Gem::Version.new \"#{version}\"")
-        raise "Could not insert Gem::Version in #{file}" unless $1
-      end
+      ruby.gsub!(/^(\s*)PRE(\s*)= .*?$/, "\\1PRE   = #{pre}")
+      raise "Could not insert PRE in #{file}" unless $1
 
       File.open(file, 'w') { |f| f.write ruby }
     end
 
-    task gem => %w(update_version_rb pkg) do
+    task gem => %w(update_versions pkg) do
       cmd = ""
       cmd << "cd #{framework} && " unless framework == "rails"
       cmd << "gem build #{gemspec} && mv #{framework}-#{version}.gem #{root}/pkg/"
@@ -93,9 +92,10 @@
 end
 
 namespace :all do
-  task :build   => FRAMEWORKS.map { |f| "#{f}:build"   } + ['rails:build']
-  task :install => FRAMEWORKS.map { |f| "#{f}:install" } + ['rails:install']
-  task :push    => FRAMEWORKS.map { |f| "#{f}:push"    } + ['rails:push']
+  task :build           => FRAMEWORKS.map { |f| "#{f}:build"           } + ['rails:build']
+  task :update_versions => FRAMEWORKS.map { |f| "#{f}:update_versions" } + ['rails:update_versions']
+  task :install         => FRAMEWORKS.map { |f| "#{f}:install"         } + ['rails:install']
+  task :push            => FRAMEWORKS.map { |f| "#{f}:push"            } + ['rails:push']
 
   task :ensure_clean_state do
     unless `git status -s | grep -v RAILS_VERSION`.strip.empty?