BUILD FAILURE: The version could not be updated: ${version}

I manually built 2.0-beta-5 from maven-release-1 tag because of bug in 2.0-beta-4. I have found a problem using 2.0-beta-5 with a large multi-module project which makes heavy use of ${version} macros. This macro is used for the version for any dependency on modules within each module. For example in one module where I have a dependency on 3 other modules I have this:

<dependencies>
<dependency>
<groupId>com.xrite</groupId>
<artifactId>xdsiii-driver-api</artifactId>
<version>${version}</version>
</dependency>
<dependency>
<groupId>com.xrite</groupId>
<artifactId>xdsiii-driver</artifactId>
<version>${version}</version>
</dependency>
<dependency>
<groupId>com.xrite</groupId>
<artifactId>xdsiii-instrument-dtp22</artifactId>
<version>${version}</version>
</dependency>

When I run the prepare phase I get the following error:

[INFO] Transforming 'X-Rite XDSIII Instrument Drivers'...
[INFO] Transforming 'X-Rite XDSIII Base Instrument'...
[INFO] Transforming 'X-Rite XDSIII DTP22 Instrument'...
[INFO] Updating xdsiii-instrument-base to 1.84
[ERROR] BUILD FAILURE
[INFO] ------------------------------------------------------------------------
[INFO] The version could not be updated: ${version}
[INFO] ------------------------------------------------------------------------
[INFO] Trace
org.apache.maven.BuildFailureException: The version could not be updated: ${version}

It starts updating the poms with the new release version and then fails part way through the process.

I will attach some files: