diff --git a/docs/BOTO3_COMPATIBILITY_VISION.md b/docs/BOTO3_COMPATIBILITY_VISION.md
index c435b43..db3f18a 100644
--- a/docs/BOTO3_COMPATIBILITY_VISION.md
+++ b/docs/BOTO3_COMPATIBILITY_VISION.md
@@ -306,9 +306,11 @@ This is:
 ## Status
 
 - ✅ **Phase 1:** TypedDict definitions created
-- ⏳ **Phase 2:** Refactor client methods (IN PROGRESS)
-- ⏳ **Phase 3:** Backward compatibility (TODO)
-- ⏳ **Phase 4:** Documentation updates (TODO)
-- ⏳ **Phase 5:** Test updates (TODO)
+- ✅ **Phase 2:** `list_objects()` refactored to return boto3-compatible dict
+- ⏳ **Phase 3:** Refactor remaining methods (`put_object`, `get_object`, etc.) (TODO)
+- ⏳ **Phase 4:** Backward compatibility with deprecation warnings (TODO)
+- ⏳ **Phase 5:** Documentation updates (TODO)
+- ⏳ **Phase 6:** Full test coverage updates (PARTIAL - list_objects tests done)
 
-**Target:** v5.0.0 release
+**Current:** v4.2.3+ (Phase 2 complete - `list_objects()` boto3-compatible)
+**Target:** v5.0.0 release (all phases complete)