diff --git a/lib/README.md b/lib/README.md
index 46a9d053..bde5946f 100644
--- a/lib/README.md
+++ b/lib/README.md
@@ -11,6 +11,7 @@ _The library which powers [Watchexec CLI](https://watchexec.github.io) and other
 - **[API documentation][docs]**.
 - Licensed under [Apache 2.0][license].
 - Minimum Supported Rust Version: 1.43.0.
+- Status: in preview (`2.0.0-pre.N` series).
 
 [docs]: https://docs.rs/watchexec
 [license]: ../LICENSE
@@ -19,44 +20,94 @@ _The library which powers [Watchexec CLI](https://watchexec.github.io) and other
 ## Quick start
 
 ```rust
+use miette::{IntoDiagnostic, Result};
 use watchexec::{
-    config::ConfigBuilder,
-    error::Result,
-    pathop::PathOp,
-    run::{
-        ExecHandler,
-        Handler,
-        watch,
-    },
+    Watchexec,
+    action::{Action, Outcome},
+    config::{InitConfig, RuntimeConfig},
+    handler::{Handler as _, PrintDebug},
 };
 
-fn main() -> Result<()> {
-    let config = ConfigBuilder::default()
-        .clear_screen(true)
-        .run_initially(true)
-        .paths(vec![ "/path/to/dir".into() ])
-        .cmd(vec![ "date; seq 1 10".into() ])
-        .build()?;
+#[tokio::main]
+async fn main() -> Result<()> {
+    let mut init = InitConfig::default();
+    init.on_error(PrintDebug(std::io::stderr()));
 
-    let handler = MyHandler(ExecHandler::new(options)?);
-    watch(&handler)
-}
+    let mut runtime = RuntimeConfig::default();
+    runtime.pathset(["watchexec.conf"]);
 
-struct MyHandler(ExecHandler);
+    let conf = YourConfigFormat::load_from_file("watchexec.conf").await?;
+    conf.apply(&mut runtime);
 
-impl Handler for MyHandler {
-    fn args(&self) -> Config {
-        self.0.args()
-    }
+    let we = Watchexec::new(init, runtime.clone())?;
+    let w = we.clone();
 
-    fn on_manual(&self) -> Result<bool> {
-        println!("Running manually!");
-        self.0.on_manual()
-    }
+    let c = runtime.clone();
+    runtime.on_action(move |action: Action| {
+        let mut c = c.clone();
+        let w = w.clone();
+        async move {
+            for event in &action.events {
+                if event.paths().any(|(p, _)| p.ends_with("/watchexec.conf")) {
+                    let conf = YourConfigFormat::load_from_file("watchexec.conf").await?;
 
-    fn on_update(&self, ops: &[PathOp]) -> Result<bool> {
-        println!("Running manually {:?}", ops);
-        self.0.on_update(ops)
-    }
+                    conf.apply(&mut c);
+                    w.reconfigure(c.clone());
+                    // tada! self-reconfiguring watchexec on config file change!
+
+                    break;
+                }
+            }
+
+            action.outcome(Outcome::if_running(
+                Outcome::DoNothing,
+                Outcome::both(Outcome::Clear, Outcome::Start),
+            ));
+
+            Ok(())
+        }
+    });
+
+    we.main().await.into_diagnostic()?;
+    Ok(())
 }
 ```
+
+
+## Kitchen sink
+
+The library also exposes a large amount of components which are available to make your own tool, or
+to make anything else you may want:
+
+- **[Command handling](https://docs.rs/watchexec/2.0.0-pre.0/watchexec/command/index.html)**, to
+  build a command with an arbitrary shell, deal with grouped and ungrouped processes the same way,
+  and supervise a process while also listening for & acting on interventions such as sending signals.
+
+- **Event sources**: [Filesystem](https://docs.rs/watchexec/2.0.0-pre.0/watchexec/fs/index.html)**,
+  [Signals](https://docs.rs/watchexec/2.0.0-pre.0/watchexec/signal/source/index.html), (more to come).
+
+- Finding **[a common prefix](https://docs.rs/watchexec/2.0.0-pre.0/watchexec/paths/fn.common_prefix.html)**
+  of a set of paths.
+
+- Detecting the **[origin(s)](https://docs.rs/watchexec/2.0.0-pre.0/watchexec/project/fn.origins.html)**
+  and **[types](https://docs.rs/watchexec/2.0.0-pre.0/watchexec/project/fn.types.html)** of projects.
+
+- Discovering project-local and global
+  **[ignore files](https://docs.rs/watchexec/2.0.0-pre.0/watchexec/ignore_files/index.html)**.
+
+There are also separate, standalone crates used to build Watchexec which you can tap into:
+
+- **[ClearScreen](https://docs.rs/clearscreen)** makes clearing the terminal screen in a
+  cross-platform way easy by default, and provides advanced options to fit your usecase.
+
+- **[Command Group](https://docs.rs/command-group)** augments the std and tokio `Command` with
+  support for process groups, portable between Unix and Windows.
+
+
+## Tagged filters (alpha)
+
+This library is also the home of Watchexec's current _two_ filtering implementations: the v1
+behaviour which has proven confusing and inconsistent over the years, and an upcoming complete
+overhaul called "tagged filtering."
+
+Have a look at the [docs](https://docs.rs/watchexec/2.0.0-pre.0/watchexec/filter/tagged/struct.TaggedFilterer.html)!