diff --git a/Doc/whatsnew/3.3.rst b/Doc/whatsnew/3.3.rst
--- a/Doc/whatsnew/3.3.rst
+++ b/Doc/whatsnew/3.3.rst
@@ -49,6 +49,62 @@
 This article explains the new features in Python 3.3, compared to 3.2.
 
 
+.. _pep-3118:
+
+PEP 3118: New memoryview implementation and buffer protocol documentation
+=========================================================================
+
+:issue:`10181` - memoryview bug fixes and features.
+  Written by Stefan Krah.
+
+The new memoryview implementation comprehensively fixes all ownership and
+lifetime issues of dynamically allocated fields in the Py_buffer struct
+that led to multiple crash reports. Additionally, several functions that
+crashed or returned incorrect results for non-contiguous or multi-dimensional
+input have been fixed.
+
+The memoryview object now has a PEP-3118 compliant getbufferproc()
+that checks the consumer's request type. Many new features have been
+added, most of them work in full generality for non-contiguous arrays
+and arrays with suboffsets.
+
+The documentation has been updated, clearly spelling out responsibilities
+for both exporters and consumers. Buffer request flags are grouped into
+basic and compound flags. The memory layout of non-contiguous and
+multi-dimensional NumPy-style arrays is explained.
+
+Features
+--------
+
+* All native single character format specifiers in struct module syntax
+  (optionally prefixed with '@') are now supported.
+
+* With some restrictions, the cast() method allows changing of format and
+  shape of C-contiguous arrays.
+
+* Multi-dimensional list representations are supported for any array type.
+
+* Multi-dimensional comparisons are supported for any array type.
+
+* All array types are hashable if the exporting object is hashable
+  and the view is read-only.
+
+* Arbitrary slicing of any 1-D arrays type is supported. For example, it
+  is now possible to reverse a memoryview in O(1) by using a negative step.
+
+API changes
+-----------
+
+* The maximum number of dimensions is officially limited to 64.
+
+* The representation of empty shape, strides and suboffsets is now
+  an empty tuple instead of None.
+
+* Accessing a memoryview element with format 'B' (unsigned bytes)
+  now returns an integer (in accordance with the struct module syntax).
+  For returning a bytes object the view must be cast to 'c' first.
+
+
 .. _pep-393:
 
 PEP 393: Flexible String Representation
diff --git a/Misc/NEWS b/Misc/NEWS
--- a/Misc/NEWS
+++ b/Misc/NEWS
@@ -10,6 +10,23 @@
 Core and Builtins
 -----------------
 
+- Issue #10181: New memoryview implementation fixes multiple ownership
+  and lifetime issues of dynamically allocated Py_buffer members (#9990)
+  as well as crashes (#8305, #7433). Many new features have been added
+  (See whatsnew/3.3), and the documentation has been updated extensively.
+  The ndarray test object from _testbuffer.c implements all aspects of
+  PEP-3118, so further development towards the completion of the PEP can
+  proceed in a test-driven manner.
+
+  Thanks to Nick Coghlan, Antoine Pitrou and Pauli Virtanen for review
+  and many ideas.
+
+- Issue #12834: Fix incorrect results of memoryview.tobytes() for
+  non-contiguous arrays.
+
+- Issue #5231: Introduce memoryview.cast() method that allows changing
+  format and shape without making a copy of the underlying memory.
+
 - Issue #14084: Fix a file descriptor leak when importing a module with a
   bad encoding.