diff --git a/pep-3151.txt b/pep-3151.txt
index fdb287a0c..4bad2ee64 100644
--- a/pep-3151.txt
+++ b/pep-3151.txt
@@ -276,8 +276,9 @@ by Python code.
 Deprecation of names
 --------------------
 
-It is not yet decided whether the old names will be deprecated (then removed)
-or all names will continue living forever in the builtins namespace.
+The following paragraphs outline a possible deprecation strategy for
+old exception names.  However, it has been decided to keep them as aliases
+for the time being.  This decision could be revised in time for Python 4.0.
 
 built-in exceptions
 '''''''''''''''''''
@@ -497,10 +498,8 @@ Implementation
 A reference implementation is available in
 http://hg.python.org/features/pep-3151/ in branch ``pep-3151``.  It is
 also tracked on the bug tracker at http://bugs.python.org/issue12555.
-Its current state is that all semantic changes and additions are implemented,
-but the `deprecation of names`_ mechanism isn't.  It has been successfully
-tested on a variety of systems: Linux, Windows, OpenIndiana and FreeBSD
-buildbots.
+It has been successfully tested on a variety of systems: Linux, Windows,
+OpenIndiana and FreeBSD buildbots.
 
 One source of trouble has been with the respective constructors of ``IOError``
 and ``WindowsError``, which were incompatible.  The way it is solved is by