diff --git a/PCbuild/readme.txt b/PCbuild/readme.txt
--- a/PCbuild/readme.txt
+++ b/PCbuild/readme.txt
@@ -37,7 +37,7 @@
    running a Python core buildbot test slave; see SUBPROJECTS below)
 
 When using the Debug setting, the output files have a _d added to
-their name:  python30_d.dll, python_d.exe, parser_d.pyd, and so on. Both
+their name:  python27_d.dll, python_d.exe, parser_d.pyd, and so on. Both
 the build and rt batch files accept a -d option for debug builds.
 
 The 32bit builds end up in the solution folder PCbuild while the x64 builds
@@ -105,9 +105,9 @@
 Python-controlled subprojects that wrap external projects:
 _bsddb
     Wraps Berkeley DB 4.7.25, which is currently built by _bsddb.vcproj.
-    project (see below).
+    project.
 _sqlite3
-    Wraps SQLite 3.6.21, which is currently built by sqlite3.vcproj (see below).
+    Wraps SQLite 3.6.21, which is currently built by sqlite3.vcproj.
 _tkinter
     Wraps the Tk windowing system.  Unlike _bsddb and _sqlite3, there's no
     corresponding tcltk.vcproj-type project that builds Tcl/Tk from vcproj's
@@ -127,16 +127,6 @@
     obtaining external sources then you don't need to manually get the source
     above via subversion. **
 
-    A custom pre-link step in the bz2 project settings should manage to
-    build bzip2-1.0.6\libbz2.lib by magic before bz2.pyd (or bz2_d.pyd) is
-    linked in PCbuild\.
-    However, the bz2 project is not smart enough to remove anything under
-    bzip2-1.0.6\ when you do a clean, so if you want to rebuild bzip2.lib
-    you need to clean up bzip2-1.0.6\ by hand.
-
-    All of this managed to build libbz2.lib in 
-    bzip2-1.0.6\$platform-$configuration\, which the Python project links in.
-
 _ssl
     Python wrapper for the secure sockets library.
 
@@ -154,9 +144,7 @@
 
     You must install the NASM assembler from
         http://nasm.sf.net
-    for x86 builds.  Put nasmw.exe anywhere in your PATH.
-    Note: recent releases of nasm only have nasm.exe. Just rename it to 
-    nasmw.exe.
+    for x86 builds.  Put nasm.exe anywhere in your PATH.
 
     You can also install ActivePerl from
         http://www.activestate.com/activeperl/
@@ -251,19 +239,9 @@
 Building for Itanium
 --------------------
 
-NOTE:
 Official support for Itanium builds have been dropped from the build. Please
 contact us and provide patches if you are interested in Itanium builds.
 
-The project files support a ReleaseItanium configuration which creates
-Win64/Itanium binaries. For this to work, you need to install the Platform
-SDK, in particular the 64-bit support. This includes an Itanium compiler
-(future releases of the SDK likely include an AMD64 compiler as well).
-In addition, you need the Visual Studio plugin for external C compilers,
-from http://sf.net/projects/vsextcomp. The plugin will wrap cl.exe, to
-locate the proper target compiler, and convert compiler options
-accordingly. The project files require at least version 0.9.
-
 Building for AMD64
 ------------------
 
@@ -291,7 +269,7 @@
 creates the PGI files, runs the unit test suite or PyBench with the PGI
 python and finally creates the optimized files.
 
-http://msdn2.microsoft.com/en-us/library/e7k32f4k(VS.90).aspx
+http://msdn.microsoft.com/en-us/library/e7k32f4k(VS.90).aspx
 
 Static library
 --------------