diff --git a/README.md b/README.md
index e13d2d42..f88c8d5d 100644
--- a/README.md
+++ b/README.md
@@ -6,8 +6,15 @@ This role allows users to configure local storage with minimal input.
 
 As of now, the role supports managing file systems and mount entries on
 
-- unpartitioned disks
-- lvm (unpartitioned whole-disk physical volumes only)
+- disks
+- LVM volume groups
+- Stratis pools
+
+Encryption (using LUKS) and RAID (using MD) is also supported. Support
+for managing pre-existing devices is limited, but new LVM volumes and
+Stratis filesystems can be added to existing setups and mount points
+and some other features can be added to (or removed from) existing
+devices.
 
 ## Requirements
 
@@ -46,13 +53,17 @@ keys:
 - `type`
 
   This specifies the type of pool to manage.
-  Valid values for `type`: `lvm`.
+  Valid values for `type`: `lvm`, `stratis`.
 
 - `grow_to_fill`
 
   When set, the pool Physical Volumes will be resized to match their respective device sizes.
   (e.g. after Virtual Machine disk size increase)
 
+  Default: `false`
+
+  __NOTE__: This argument is valid only for LVM pools.
+
 - `shared`
 
   If set to `true`, the role creates or manages a shared volume group. Requires lvmlockd and
@@ -64,6 +75,8 @@ keys:
               destructive operation. The pool itself will be removed as part of the
               process.
 
+  __NOTE__: This argument is valid only for LVM pools.
+
 - `disks`
 
   A list which specifies the set of disks to use as backing storage for the pool.
@@ -107,11 +120,11 @@ keys:
 
 - `encryption_cipher`
 
-  ifies a non-default cipher to be used by LUKS.
+  This string specifies a non-default cipher to be used by LUKS.
 
 - `encryption_key_size`
 
-  s the LUKS key size (in bytes).
+  This integer specifies the LUKS key size (in bytes).
 
 - `encryption_luks_version`
 
@@ -144,9 +157,21 @@ variables:
 - `type`
 
   This specifies the type of volume on which the file system will reside.
-  Valid values for `type`: `lvm`, `disk` or `raid`.
+  Valid values for `type`: `lvm`, `disk`, `partition` or `raid`.
   The default is determined according to the OS and release (currently `lvm`).
 
+  __NOTE__: Support for managing partition volumes is currently very limited,
+            the role allows creating only a single partition spanning the
+            entire disk.
+
+- `state`
+
+  Valid values are `present` (default behavior) or `absent`. Volumes marked as
+  `absent` will be removed by the role. Volumes marked as `present` will be either
+  created (if volume with specified `name` doesn't exist) or preserved and possibly
+  changed to match other values (for example if a volume with the specified `name`
+  exists but doesn't have the required `size` it will be resized if possible).
+
 - `disks`
 
   This specifies the set of disks to use as backing storage for the file system.