version with git and make not working

So, I'm using the latest drush 5 with this in my make file.

projects[ctools][type] = "module"
projects[ctools][download][type] = "git"
projects[ctools][download][url] = "http://git.drupal.org/project/ctools.git"
projects[ctools][download][revision] = "4172fd8089c1b6c6a1aef615867e3a83db064d99"
projects[ctools][download][branch] = "7.x-1.x"
projects[ctools][version] = "1.0"

When I look at the module's info file, I see
version = ""

What am I doing wrong? I have tried every combo in the version element ...

1.x
7.x-1.x
7.x-1.x-dev
1.0

None of these gives the correct string which should be

7.x-1.x-dev

The bug was trying to be fixed here ...
http://drupal.org/node/1371298

but the last patch isn't quite right.

Thanks.