Updated readme

README.md

+===========
 converse.js
 ===========
 
-Web-based XMPP Instant Messaging client written in javascript
\ No newline at end of file
+``Converse.js`` implements an ``XMPP`` based instant messaging client in the browser.
+
+*Warning*: This library is still heavily under development!
+
+It has the following features:
+
+* Manually or automically subscribe to other users. 
+* With manual roster subscriptions, you can accept or decline contact requests.
+* Chat statuses (online, busy, away, offline)
+* Custom status message
+* Typing notifications (i.e when the contact is typing)
+* Third person messages (/me )
+* Multi-user chat in chatrooms
+* Topics can be set for chatrooms
+* Full name and profile picture support 
+
+Converse.js is used by ``collective.xmpp.chat``, which is a ``Plone`` instant
+messaging add-on.
+
+It depends on quite a few third party libraries, including ``strophe.js``,
+``backbone.js`` and ``require.js``.
+
+-------
+Licence
+-------
+
+``Converse.js`` is released under both the ``MIT`` and ``GPL`` licenses.
+
+.. _strophe.js: http://strophe.im/strophejs
+.. _backbone.js: http:/backbonejs.org
+.. _require.js: http:/requirejs.org
+.. _collective.xmpp.chat: http://github.com/collective/collective.xmpp.chat
+.. _Plone: http://plone.org
+.. _XMPP: http://xmpp.org
+.. _MIT: http://opensource.org/licenses/mit-license.php
+.. _GPL: http://opensource.org/licenses/gpl-license.php
+
+
+