diff --git a/CHANGELOG b/CHANGELOG
index f02a85884..d90ed609e 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -5,6 +5,8 @@ Changes between 1.0.0 and 1.0.1
   work within tests, they are encoded as "utf8" by default, terminalwriting 
   was adapted and somewhat unified between windows and linux 
 
+* terser reporting of collection error tracebacks, now skips py-internals 
+
 Changes between 1.0.0b9 and 1.0.0
 =====================================
 
diff --git a/doc/test/plugin/links.txt b/doc/test/plugin/links.txt
index df03c6610..270e90c2b 100644
--- a/doc/test/plugin/links.txt
+++ b/doc/test/plugin/links.txt
@@ -1,33 +1,33 @@
 .. _`terminal`: terminal.html
-.. _`pytest_recwarn.py`: http://bitbucket.org/hpk42/py-trunk/raw/3b3ea41060652c47739450a590c4d71625bc05bd/py/test/plugin/pytest_recwarn.py
+.. _`pytest_recwarn.py`: http://bitbucket.org/hpk42/py-trunk/raw/caf81a2cdf5083be3bfb715d7e56273330a54843/py/test/plugin/pytest_recwarn.py
 .. _`unittest`: unittest.html
-.. _`pytest_monkeypatch.py`: http://bitbucket.org/hpk42/py-trunk/raw/3b3ea41060652c47739450a590c4d71625bc05bd/py/test/plugin/pytest_monkeypatch.py
-.. _`pytest_keyword.py`: http://bitbucket.org/hpk42/py-trunk/raw/3b3ea41060652c47739450a590c4d71625bc05bd/py/test/plugin/pytest_keyword.py
+.. _`pytest_monkeypatch.py`: http://bitbucket.org/hpk42/py-trunk/raw/caf81a2cdf5083be3bfb715d7e56273330a54843/py/test/plugin/pytest_monkeypatch.py
+.. _`pytest_keyword.py`: http://bitbucket.org/hpk42/py-trunk/raw/caf81a2cdf5083be3bfb715d7e56273330a54843/py/test/plugin/pytest_keyword.py
 .. _`pastebin`: pastebin.html
 .. _`plugins`: index.html
-.. _`pytest_capture.py`: http://bitbucket.org/hpk42/py-trunk/raw/3b3ea41060652c47739450a590c4d71625bc05bd/py/test/plugin/pytest_capture.py
-.. _`pytest_doctest.py`: http://bitbucket.org/hpk42/py-trunk/raw/3b3ea41060652c47739450a590c4d71625bc05bd/py/test/plugin/pytest_doctest.py
+.. _`pytest_capture.py`: http://bitbucket.org/hpk42/py-trunk/raw/caf81a2cdf5083be3bfb715d7e56273330a54843/py/test/plugin/pytest_capture.py
+.. _`pytest_doctest.py`: http://bitbucket.org/hpk42/py-trunk/raw/caf81a2cdf5083be3bfb715d7e56273330a54843/py/test/plugin/pytest_doctest.py
 .. _`capture`: capture.html
 .. _`hooklog`: hooklog.html
-.. _`pytest_restdoc.py`: http://bitbucket.org/hpk42/py-trunk/raw/3b3ea41060652c47739450a590c4d71625bc05bd/py/test/plugin/pytest_restdoc.py
-.. _`pytest_hooklog.py`: http://bitbucket.org/hpk42/py-trunk/raw/3b3ea41060652c47739450a590c4d71625bc05bd/py/test/plugin/pytest_hooklog.py
-.. _`pytest_pastebin.py`: http://bitbucket.org/hpk42/py-trunk/raw/3b3ea41060652c47739450a590c4d71625bc05bd/py/test/plugin/pytest_pastebin.py
-.. _`pytest_figleaf.py`: http://bitbucket.org/hpk42/py-trunk/raw/3b3ea41060652c47739450a590c4d71625bc05bd/py/test/plugin/pytest_figleaf.py
+.. _`pytest_restdoc.py`: http://bitbucket.org/hpk42/py-trunk/raw/caf81a2cdf5083be3bfb715d7e56273330a54843/py/test/plugin/pytest_restdoc.py
+.. _`pytest_hooklog.py`: http://bitbucket.org/hpk42/py-trunk/raw/caf81a2cdf5083be3bfb715d7e56273330a54843/py/test/plugin/pytest_hooklog.py
+.. _`pytest_pastebin.py`: http://bitbucket.org/hpk42/py-trunk/raw/caf81a2cdf5083be3bfb715d7e56273330a54843/py/test/plugin/pytest_pastebin.py
+.. _`pytest_figleaf.py`: http://bitbucket.org/hpk42/py-trunk/raw/caf81a2cdf5083be3bfb715d7e56273330a54843/py/test/plugin/pytest_figleaf.py
 .. _`xfail`: xfail.html
 .. _`contact`: ../../contact.html
 .. _`checkout the py.test development version`: ../../download.html#checkout
 .. _`oejskit`: oejskit.html
-.. _`pytest_xfail.py`: http://bitbucket.org/hpk42/py-trunk/raw/3b3ea41060652c47739450a590c4d71625bc05bd/py/test/plugin/pytest_xfail.py
+.. _`pytest_xfail.py`: http://bitbucket.org/hpk42/py-trunk/raw/caf81a2cdf5083be3bfb715d7e56273330a54843/py/test/plugin/pytest_xfail.py
 .. _`figleaf`: figleaf.html
 .. _`extend`: ../extend.html
-.. _`pytest_terminal.py`: http://bitbucket.org/hpk42/py-trunk/raw/3b3ea41060652c47739450a590c4d71625bc05bd/py/test/plugin/pytest_terminal.py
+.. _`pytest_terminal.py`: http://bitbucket.org/hpk42/py-trunk/raw/caf81a2cdf5083be3bfb715d7e56273330a54843/py/test/plugin/pytest_terminal.py
 .. _`recwarn`: recwarn.html
-.. _`pytest_pdb.py`: http://bitbucket.org/hpk42/py-trunk/raw/3b3ea41060652c47739450a590c4d71625bc05bd/py/test/plugin/pytest_pdb.py
+.. _`pytest_pdb.py`: http://bitbucket.org/hpk42/py-trunk/raw/caf81a2cdf5083be3bfb715d7e56273330a54843/py/test/plugin/pytest_pdb.py
 .. _`monkeypatch`: monkeypatch.html
 .. _`resultlog`: resultlog.html
 .. _`keyword`: keyword.html
 .. _`restdoc`: restdoc.html
-.. _`pytest_unittest.py`: http://bitbucket.org/hpk42/py-trunk/raw/3b3ea41060652c47739450a590c4d71625bc05bd/py/test/plugin/pytest_unittest.py
+.. _`pytest_unittest.py`: http://bitbucket.org/hpk42/py-trunk/raw/caf81a2cdf5083be3bfb715d7e56273330a54843/py/test/plugin/pytest_unittest.py
 .. _`doctest`: doctest.html
-.. _`pytest_resultlog.py`: http://bitbucket.org/hpk42/py-trunk/raw/3b3ea41060652c47739450a590c4d71625bc05bd/py/test/plugin/pytest_resultlog.py
+.. _`pytest_resultlog.py`: http://bitbucket.org/hpk42/py-trunk/raw/caf81a2cdf5083be3bfb715d7e56273330a54843/py/test/plugin/pytest_resultlog.py
 .. _`pdb`: pdb.html
diff --git a/py/__init__.py b/py/__init__.py
index f2a7d53d4..ecabde8b4 100644
--- a/py/__init__.py
+++ b/py/__init__.py
@@ -20,7 +20,7 @@ For questions please check out http://pylib.org/contact.html
 from initpkg import initpkg
 trunk = None
 
-version = trunk or "1.0.0"
+version = trunk or "1.0.1"
 
 initpkg(__name__,
     description = "py.test and pylib: advanced testing tool and networking lib", 
diff --git a/py/test/collect.py b/py/test/collect.py
index eb941a712..e1fbdd505 100644
--- a/py/test/collect.py
+++ b/py/test/collect.py
@@ -4,6 +4,7 @@ Collectors and test Items form a tree
 that is usually built iteratively.  
 """ 
 import py
+pydir = py.path.local(py.__file__).dirpath()
 
 def configproperty(name):
     def fget(self):
@@ -332,6 +333,15 @@ class Collector(Node):
         """
         return self.collect_by_name(name)
 
+    def _prunetraceback(self, traceback):
+        if hasattr(self, 'fspath'):
+            path = self.fspath 
+            ntraceback = traceback.cut(path=self.fspath)
+            if ntraceback == traceback:
+                ntraceback = ntraceback.cut(excludepath=pydir)
+            traceback = ntraceback.filter()
+        return traceback 
+
 class FSCollector(Collector): 
     def __init__(self, fspath, parent=None):
         fspath = py.path.local(fspath) 
diff --git a/py/test/testing/test_collect.py b/py/test/testing/test_collect.py
index a55e7ab61..a43a4ccd3 100644
--- a/py/test/testing/test_collect.py
+++ b/py/test/testing/test_collect.py
@@ -179,6 +179,18 @@ class TestCollectPluginHooks:
         names = [rep.collector.name for rep in colreports]
         assert names.count("hello") == 1
 
+class TestPrunetraceback:
+    def test_collection_error(self, testdir):
+        p = testdir.makepyfile("""
+            import not_exists
+        """)
+        result = testdir.runpytest(p)
+        assert "__import__" not in result.stdout.str(), "too long traceback"
+        result.stdout.fnmatch_lines([
+            "*ERROR during collection*",
+            ">*import not_exists*"
+        ])
+
 class TestCustomConftests:
     def test_non_python_files(self, testdir):
         testdir.makepyfile(conftest="""
diff --git a/setup.py b/setup.py
index a1992123c..612037db7 100644
--- a/setup.py
+++ b/setup.py
@@ -31,7 +31,7 @@ def main():
         name='py',
         description='py.test and pylib: advanced testing tool and networking lib',
         long_description = long_description, 
-        version= trunk or '1.0.0', 
+        version= trunk or '1.0.1', 
         url='http://pylib.org', 
         license='MIT license',
         platforms=['unix', 'linux', 'osx', 'cygwin', 'win32'],