diff --git a/pep-0408.txt b/pep-0408.txt
index b715f748b..de00aeae2 100644
--- a/pep-0408.txt
+++ b/pep-0408.txt
@@ -4,12 +4,13 @@ Version: $Revision$
 Last-Modified: $Date$
 Author: Nick Coghlan <ncoghlan@gmail.com>,
         Eli Bendersky <eliben@gmail.com>
-Status: Draft
+Status: Rejected
 Type: Standards Track
 Content-Type: text/x-rst
 Created: 2012-01-07
 Python-Version: 3.3
 Post-History: 2012-01-27
+Resolution: http://mail.python.org/pipermail/python-dev/2012-January/115962.html
 
 
 Abstract
@@ -27,6 +28,25 @@ regards to the module's eventual full inclusion into the standard library,
 or to the stability of its API, which may change for the next release.
 
 
+PEP Rejection
+=============
+
+Based on his experience with a similar "labs" namespace in Google App Engine,
+Guido has rejected this PEP [3] in favour of the simpler alternative of
+explicitly marking provisional modules as such in their documentation.
+
+If a module is otherwise considered suitable for standard library inclusion,
+but some concerns remain regarding maintainability or certain API details,
+then the module can be accepted on a provisional basis. While it is considered
+an unlikely outcome, such modules *may* be removed from the standard library
+without a deprecation period if the lingering concerns prove well-founded.
+
+As part of the same announcement, Guido explicitly accepted Matthew
+Barnett's 'regex' module [4] as a provisional addition to the standard
+library for Python 3.3 (using the 'regex' name, rather than as a drop-in
+replacement for the existing 're' module).
+
+
 Proposal - the __preview__ package
 ==================================
 
@@ -275,6 +295,11 @@ References
 
 .. [#] http://mail.python.org/pipermail/python-ideas/2011-August/011278.html
 
+.. [#] Guido's decision:
+       http://mail.python.org/pipermail/python-dev/2012-January/115962.html
+
+.. [#] Proposal for inclusion of regex: http://bugs.python.org/issue2636
+
 
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 =========