diff --git a/pep-0422.txt b/pep-0422.txt
index f33f1cb3e..5d9ce39cd 100644
--- a/pep-0422.txt
+++ b/pep-0422.txt
@@ -4,11 +4,11 @@ Version: $Revision$
 Last-Modified: $Date$
 Author: Nick Coghlan <ncoghlan@gmail.com>,
         Daniel Urban <urban.dani+py@gmail.com>
-Status: Draft
+Status: Deferred
 Type: Standards Track
 Content-Type: text/x-rst
 Created: 5-Jun-2012
-Python-Version: 3.4
+Python-Version: 3.5
 Post-History: 5-Jun-2012, 10-Feb-2013
 
 
@@ -27,6 +27,13 @@ The new mechanism is also much easier to understand and use than
 implementing a custom metaclass, and thus should provide a gentler
 introduction to the full power Python's metaclass machinery.
 
+PEP Deferral
+============
+
+Deferred until 3.5 at the earliest. The last review raised a few interesting
+points that I (Nick) need to consider further before proposing it for
+inclusion, and that's not going to happen in the 3.4 timeframe.
+
 
 Background
 ==========