diff --git a/modules/angular2/src/core/compiler/element_injector.ts b/modules/angular2/src/core/compiler/element_injector.ts
index 1bb72ba82c..7c72951e6f 100644
--- a/modules/angular2/src/core/compiler/element_injector.ts
+++ b/modules/angular2/src/core/compiler/element_injector.ts
@@ -383,7 +383,7 @@ export class ElementInjector extends TreeNode<ElementInjector> implements Depend
     this._preBuiltObjects = null;
     this._strategy.callOnDestroy();
     this._strategy.dehydrate();
-    this._queryStrategy.clearQueryLists();
+    this._queryStrategy.dehydrate();
   }
 
   hydrate(imperativelyCreatedInjector: Injector, host: ElementInjector,
@@ -392,6 +392,7 @@ export class ElementInjector extends TreeNode<ElementInjector> implements Depend
     this._preBuiltObjects = preBuiltObjects;
 
     this._reattachInjectors(imperativelyCreatedInjector);
+    this._queryStrategy.hydrate();
     this._strategy.hydrate();
 
     this.hydrated = true;
@@ -604,7 +605,8 @@ export class ElementInjector extends TreeNode<ElementInjector> implements Depend
 interface _QueryStrategy {
   setContentQueriesAsDirty(): void;
   setViewQueriesAsDirty(): void;
-  clearQueryLists(): void;
+  hydrate(): void;
+  dehydrate(): void;
   updateContentQueries(): void;
   updateViewQueries(): void;
   findQuery(query: QueryMetadata): QueryRef;
@@ -613,7 +615,8 @@ interface _QueryStrategy {
 class _EmptyQueryStrategy implements _QueryStrategy {
   setContentQueriesAsDirty(): void {}
   setViewQueriesAsDirty(): void {}
-  clearQueryLists(): void {}
+  hydrate(): void {}
+  dehydrate(): void {}
   updateContentQueries(): void {}
   updateViewQueries(): void {}
   findQuery(query: QueryMetadata): QueryRef {
@@ -632,9 +635,9 @@ class InlineQueryStrategy implements _QueryStrategy {
 
   constructor(ei: ElementInjector) {
     var protoRefs = ei._proto.protoQueryRefs;
-    if (protoRefs.length > 0) this.query0 = new QueryRef(protoRefs[0], new QueryList<any>(), ei);
-    if (protoRefs.length > 1) this.query1 = new QueryRef(protoRefs[1], new QueryList<any>(), ei);
-    if (protoRefs.length > 2) this.query2 = new QueryRef(protoRefs[2], new QueryList<any>(), ei);
+    if (protoRefs.length > 0) this.query0 = new QueryRef(protoRefs[0], ei);
+    if (protoRefs.length > 1) this.query1 = new QueryRef(protoRefs[1], ei);
+    if (protoRefs.length > 2) this.query2 = new QueryRef(protoRefs[2], ei);
   }
 
   setContentQueriesAsDirty(): void {
@@ -649,39 +652,39 @@ class InlineQueryStrategy implements _QueryStrategy {
     if (isPresent(this.query2) && this.query2.isViewQuery) this.query2.dirty = true;
   }
 
-  clearQueryLists(): void {
-    if (isPresent(this.query0)) this.query0.reset();
-    if (isPresent(this.query1)) this.query1.reset();
-    if (isPresent(this.query2)) this.query2.reset();
+  hydrate(): void {
+    if (isPresent(this.query0)) this.query0.hydrate();
+    if (isPresent(this.query1)) this.query1.hydrate();
+    if (isPresent(this.query2)) this.query2.hydrate();
+  }
+
+  dehydrate(): void {
+    if (isPresent(this.query0)) this.query0.dehydrate();
+    if (isPresent(this.query1)) this.query1.dehydrate();
+    if (isPresent(this.query2)) this.query2.dehydrate();
   }
 
   updateContentQueries() {
     if (isPresent(this.query0) && !this.query0.isViewQuery) {
       this.query0.update();
-      this.query0.list.fireCallbacks();
     }
     if (isPresent(this.query1) && !this.query1.isViewQuery) {
       this.query1.update();
-      this.query1.list.fireCallbacks();
     }
     if (isPresent(this.query2) && !this.query2.isViewQuery) {
       this.query2.update();
-      this.query2.list.fireCallbacks();
     }
   }
 
   updateViewQueries() {
     if (isPresent(this.query0) && this.query0.isViewQuery) {
       this.query0.update();
-      this.query0.list.fireCallbacks();
     }
     if (isPresent(this.query1) && this.query1.isViewQuery) {
       this.query1.update();
-      this.query1.list.fireCallbacks();
     }
     if (isPresent(this.query2) && this.query2.isViewQuery) {
       this.query2.update();
-      this.query2.list.fireCallbacks();
     }
   }
 
@@ -703,7 +706,7 @@ class DynamicQueryStrategy implements _QueryStrategy {
   queries: QueryRef[];
 
   constructor(ei: ElementInjector) {
-    this.queries = ei._proto.protoQueryRefs.map(p => new QueryRef(p, new QueryList<any>(), ei));
+    this.queries = ei._proto.protoQueryRefs.map(p => new QueryRef(p, ei));
   }
 
   setContentQueriesAsDirty(): void {
@@ -720,10 +723,17 @@ class DynamicQueryStrategy implements _QueryStrategy {
     }
   }
 
-  clearQueryLists(): void {
+  hydrate(): void {
     for (var i = 0; i < this.queries.length; ++i) {
       var q = this.queries[i];
-      q.reset();
+      q.hydrate();
+    }
+  }
+
+  dehydrate(): void {
+    for (var i = 0; i < this.queries.length; ++i) {
+      var q = this.queries[i];
+      q.dehydrate();
     }
   }
 
@@ -732,7 +742,6 @@ class DynamicQueryStrategy implements _QueryStrategy {
       var q = this.queries[i];
       if (!q.isViewQuery) {
         q.update();
-        q.list.fireCallbacks();
       }
     }
   }
@@ -742,7 +751,6 @@ class DynamicQueryStrategy implements _QueryStrategy {
       var q = this.queries[i];
       if (q.isViewQuery) {
         q.update();
-        q.list.fireCallbacks();
       }
     }
   }
@@ -972,8 +980,10 @@ export class ProtoQueryRef {
 }
 
 export class QueryRef {
-  constructor(public protoQueryRef: ProtoQueryRef, public list: QueryList<any>,
-              private originator: ElementInjector, public dirty: boolean = true) {}
+  public list: QueryList<any>;
+  public dirty: boolean;
+
+  constructor(public protoQueryRef: ProtoQueryRef, private originator: ElementInjector) {}
 
   get isViewQuery(): boolean { return this.protoQueryRef.query.isViewQuery; }
 
@@ -991,6 +1001,8 @@ export class QueryRef {
         this.protoQueryRef.setter(dir, this.list);
       }
     }
+
+    this.list.notifyOnChanges();
   }
 
   private _update(): void {
@@ -1073,9 +1085,10 @@ export class QueryRef {
     inj.addDirectivesMatchingQuery(this.protoQueryRef.query, aggregator);
   }
 
-  reset(): void {
-    this.list.reset([]);
-    this.list.removeAllCallbacks();
+  dehydrate(): void { this.list = null; }
+
+  hydrate(): void {
+    this.list = new QueryList<any>();
     this.dirty = true;
   }
 }
diff --git a/modules/angular2/src/core/compiler/query_list.dart b/modules/angular2/src/core/compiler/query_list.dart
index 64f4d6ec01..a101396f50 100644
--- a/modules/angular2/src/core/compiler/query_list.dart
+++ b/modules/angular2/src/core/compiler/query_list.dart
@@ -1,6 +1,7 @@
 library angular2.src.core.compiler.query_list;
 
 import 'dart:collection';
+import 'package:angular2/src/core/facade/async.dart';
 
 /**
  * See query_list.ts
@@ -8,33 +9,11 @@ import 'dart:collection';
 class QueryList<T> extends Object
     with IterableMixin<T> {
   List<T> _results = [];
-  List _callbacks = [];
-  bool _dirty = false;
+  EventEmitter _emitter = new EventEmitter();
 
   Iterator<T> get iterator => _results.iterator;
 
-  /** @private */
-  void reset(List<T> newList) {
-    _results = newList;
-    _dirty = true;
-  }
-
-  void add(T obj) {
-    _results.add(obj);
-    _dirty = true;
-  }
-
-  void onChange(callback) {
-    _callbacks.add(callback);
-  }
-
-  void removeCallback(callback) {
-    _callbacks.remove(callback);
-  }
-
-  void removeAllCallbacks() {
-    this._callbacks = [];
-  }
+  Stream<Iterable<T>> get changes => _emitter;
 
   int get length => _results.length;
   T get first => _results.first;
@@ -49,10 +28,12 @@ class QueryList<T> extends Object
   }
 
   /** @private */
-  void fireCallbacks() {
-    if (_dirty) {
-      _callbacks.forEach((c) => c());
-      _dirty = false;
-    }
+  void reset(List<T> newList) {
+    _results = newList;
+  }
+
+  /** @private */
+  void notifyOnChanges() {
+    _emitter.add(this);
   }
 }
diff --git a/modules/angular2/src/core/compiler/query_list.ts b/modules/angular2/src/core/compiler/query_list.ts
index 371669295f..7d2c77cb6c 100644
--- a/modules/angular2/src/core/compiler/query_list.ts
+++ b/modules/angular2/src/core/compiler/query_list.ts
@@ -1,5 +1,6 @@
 import {ListWrapper, MapWrapper} from 'angular2/src/core/facade/collection';
 import {getSymbolIterator} from 'angular2/src/core/facade/lang';
+import {Observable, EventEmitter} from 'angular2/src/core/facade/async';
 
 
 /**
@@ -12,7 +13,7 @@ import {getSymbolIterator} from 'angular2/src/core/facade/lang';
  * javascript `for (var i of items)` loops as well as in Angular templates with
  * `*ng-for="#i of myList"`.
  *
- * Changes can be observed by attaching callbacks.
+ * Changes can be observed by subscribing to the changes `Observable`.
  *
  * NOTE: In the future this class will implement an `Observable` interface.
  *
@@ -21,45 +22,16 @@ import {getSymbolIterator} from 'angular2/src/core/facade/lang';
  * @Component({...})
  * class Container {
  *   constructor(@Query(Item) items: QueryList<Item>) {
- *     items.onChange(() => console.log(items.length));
+ *     items.changes.subscribe(_ => console.log(items.length));
  *   }
  * }
  * ```
  */
 export class QueryList<T> {
-  protected _results: Array < T >= [];
-  protected _callbacks: Array < () => void >= [];
-  protected _dirty: boolean = false;
-
-  /** @private */
-  reset(newList: T[]): void {
-    this._results = newList;
-    this._dirty = true;
-  }
-
-  /** @private */
-  add(obj: T): void {
-    this._results.push(obj);
-    this._dirty = true;
-  }
-
-  /**
-   * registers a callback that is called upon each change.
-   */
-  onChange(callback: () => void): void { this._callbacks.push(callback); }
-
-  /**
-   * removes a given callback.
-   */
-  removeCallback(callback: () => void): void { ListWrapper.remove(this._callbacks, callback); }
-
-  /**
-   * removes all callback that have been attached.
-   */
-  removeAllCallbacks(): void { this._callbacks = []; }
-
-  toString(): string { return this._results.toString(); }
+  private _results: Array<T> = [];
+  private _emitter = new EventEmitter();
 
+  get changes(): Observable { return this._emitter; }
   get length(): number { return this._results.length; }
   get first(): T { return ListWrapper.first(this._results); }
   get last(): T { return ListWrapper.last(this._results); }
@@ -71,11 +43,13 @@ export class QueryList<T> {
 
   [getSymbolIterator()](): any { return this._results[getSymbolIterator()](); }
 
+  toString(): string { return this._results.toString(); }
+
+  /**
+   * @private
+   */
+  reset(res: T[]): void { this._results = res; }
+
   /** @private */
-  fireCallbacks(): void {
-    if (this._dirty) {
-      ListWrapper.forEach(this._callbacks, (c) => c());
-      this._dirty = false;
-    }
-  }
+  notifyOnChanges(): void { this._emitter.next(this); }
 }
diff --git a/modules/angular2/src/core/forms/directives/select_control_value_accessor.ts b/modules/angular2/src/core/forms/directives/select_control_value_accessor.ts
index 81339616c0..69b528240d 100644
--- a/modules/angular2/src/core/forms/directives/select_control_value_accessor.ts
+++ b/modules/angular2/src/core/forms/directives/select_control_value_accessor.ts
@@ -6,6 +6,7 @@ import {Query, Directive} from 'angular2/src/core/metadata';
 import {NgControl} from './ng_control';
 import {ControlValueAccessor} from './control_value_accessor';
 import {isPresent} from 'angular2/src/core/facade/lang';
+import {ObservableWrapper} from 'angular2/src/core/facade/async';
 import {setProperty} from './shared';
 
 /**
@@ -81,6 +82,6 @@ export class SelectControlValueAccessor implements ControlValueAccessor {
   registerOnTouched(fn: () => any): void { this.onTouched = fn; }
 
   private _updateValueWhenListOfOptionsChanges(query: QueryList<NgSelectOption>) {
-    query.onChange(() => this.writeValue(this.value));
+    ObservableWrapper.subscribe(query.changes, (_) => this.writeValue(this.value));
   }
 }
diff --git a/modules/angular2/test/core/compiler/query_integration_spec.ts b/modules/angular2/test/core/compiler/query_integration_spec.ts
index 00c9c1ca5d..128f689a39 100644
--- a/modules/angular2/test/core/compiler/query_integration_spec.ts
+++ b/modules/angular2/test/core/compiler/query_integration_spec.ts
@@ -13,6 +13,7 @@ import {
 } from 'angular2/test_lib';
 
 import {isPresent} from 'angular2/src/core/facade/lang';
+import {ObservableWrapper} from 'angular2/src/core/facade/async';
 
 import {
   Component,
@@ -263,7 +264,7 @@ export function main() {
 
     });
 
-    describe("onChange", () => {
+    describe("changes", () => {
       it('should notify query on change',
          inject([TestComponentBuilder, AsyncTestCompleter], (tcb: TestComponentBuilder, async) => {
            var template = '<needs-query #q>' +
@@ -277,7 +278,7 @@ export function main() {
                  var q = view.debugElement.componentViewChildren[0].getLocal("q");
                  view.detectChanges();
 
-                 q.query.onChange(() => {
+                 ObservableWrapper.subscribe(q.query.changes, (_) => {
                    expect(q.query.first.text).toEqual("1");
                    expect(q.query.last.text).toEqual("2");
                    async.done();
@@ -304,8 +305,8 @@ export function main() {
 
                  var firedQ2 = false;
 
-                 q2.query.onChange(() => { firedQ2 = true; });
-                 q1.query.onChange(() => {
+                 ObservableWrapper.subscribe(q2.query.changes, (_) => { firedQ2 = true; });
+                 ObservableWrapper.subscribe(q1.query.changes, (_) => {
                    expect(firedQ2).toBe(true);
                    async.done();
                  });
diff --git a/modules/angular2/test/core/compiler/query_list_spec.ts b/modules/angular2/test/core/compiler/query_list_spec.ts
index 8b233600b3..63c6abe4d9 100644
--- a/modules/angular2/test/core/compiler/query_list_spec.ts
+++ b/modules/angular2/test/core/compiler/query_list_spec.ts
@@ -1,8 +1,21 @@
-import {describe, it, expect, beforeEach, ddescribe, iit, xit, el} from 'angular2/test_lib';
+import {
+  describe,
+  it,
+  expect,
+  beforeEach,
+  ddescribe,
+  iit,
+  xit,
+  el,
+  fakeAsync,
+  tick
+} from 'angular2/test_lib';
 
 import {MapWrapper, ListWrapper, iterateListLike} from 'angular2/src/core/facade/collection';
 import {StringWrapper} from 'angular2/src/core/facade/lang';
+import {ObservableWrapper} from 'angular2/src/core/facade/async';
 import {QueryList} from 'angular2/src/core/compiler/query_list';
+import {DOM} from 'angular2/src/core/dom/dom_adapter';
 
 
 export function main() {
@@ -16,95 +29,64 @@ export function main() {
 
     function logAppend(item) { log += (log.length == 0 ? '' : ', ') + item; }
 
-    it('should support adding objects and iterating over them', () => {
-      queryList.add('one');
-      queryList.add('two');
-      iterateListLike(queryList, logAppend);
-      expect(log).toEqual('one, two');
-    });
-
     it('should support resetting and iterating over the new objects', () => {
-      queryList.add('one');
-      queryList.add('two');
-      queryList.reset(['one again']);
-      queryList.add('two again');
+      queryList.reset(['one']);
+      queryList.reset(['two']);
       iterateListLike(queryList, logAppend);
-      expect(log).toEqual('one again, two again');
+      expect(log).toEqual('two');
     });
 
     it('should support length', () => {
-      queryList.add('one');
-      queryList.add('two');
+      queryList.reset(['one', 'two']);
       expect(queryList.length).toEqual(2);
     });
 
     it('should support map', () => {
-      queryList.add('one');
-      queryList.add('two');
+      queryList.reset(['one', 'two']);
       expect(queryList.map((x) => x)).toEqual(['one', 'two']);
     });
 
     it('should support toString', () => {
-      queryList.add('one');
-      queryList.add('two');
+      queryList.reset(['one', 'two']);
       var listString = queryList.toString();
       expect(StringWrapper.contains(listString, 'one')).toBeTruthy();
       expect(StringWrapper.contains(listString, 'two')).toBeTruthy();
     });
 
     it('should support first and last', () => {
-      queryList.add('one');
-      queryList.add('two');
-      queryList.add('three');
+      queryList.reset(['one', 'two', 'three']);
       expect(queryList.first).toEqual('one');
       expect(queryList.last).toEqual('three');
     });
 
-    describe('simple observable interface', () => {
-      it('should fire callbacks on change', () => {
-        var fires = 0;
-        queryList.onChange(() => { fires += 1; });
+    if (DOM.supportsDOMEvents()) {
+      describe('simple observable interface', () => {
+        it('should fire callbacks on change', fakeAsync(() => {
+             var fires = 0;
+             ObservableWrapper.subscribe(queryList.changes, (_) => { fires += 1; });
 
-        queryList.fireCallbacks();
-        expect(fires).toEqual(0);
+             queryList.notifyOnChanges();
+             tick();
 
-        queryList.add('one');
+             expect(fires).toEqual(1);
 
-        queryList.fireCallbacks();
-        expect(fires).toEqual(1);
+             queryList.notifyOnChanges();
+             tick();
 
-        queryList.fireCallbacks();
-        expect(fires).toEqual(1);
+             expect(fires).toEqual(2);
+           }));
+
+        it('should provides query list as an argument', fakeAsync(() => {
+             var recorded;
+             ObservableWrapper.subscribe(queryList.changes, (v: any) => { recorded = v; });
+
+             queryList.reset(["one"]);
+             queryList.notifyOnChanges();
+             tick();
+
+             expect(recorded).toBe(queryList);
+           }));
       });
-
-      it('should support removing callbacks', () => {
-        var fires = 0;
-        var callback = () => fires += 1;
-        queryList.onChange(callback);
-
-        queryList.add('one');
-        queryList.fireCallbacks();
-        expect(fires).toEqual(1);
-
-        queryList.removeCallback(callback);
-
-        queryList.add('two');
-        queryList.fireCallbacks();
-        expect(fires).toEqual(1);
-      });
-
-      it('should support removing all callbacks', () => {
-        var fires = 0;
-        var callback = () => fires += 1;
-        queryList.onChange(callback);
-
-        queryList.add('one');
-        queryList.removeAllCallbacks();
-
-        queryList.fireCallbacks();
-
-        expect(fires).toEqual(0);
-      });
-    });
+    }
   });
 }
diff --git a/modules/angular2/test/core/forms/integration_spec.ts b/modules/angular2/test/core/forms/integration_spec.ts
index a7d1e92e8b..b9dd5eccbd 100644
--- a/modules/angular2/test/core/forms/integration_spec.ts
+++ b/modules/angular2/test/core/forms/integration_spec.ts
@@ -301,24 +301,26 @@ export function main() {
          }));
 
       it("should support <select> with a dynamic list of options",
-         inject([TestComponentBuilder, AsyncTestCompleter], (tcb: TestComponentBuilder, async) => {
-           var t = `<div [ng-form-model]="form">
+         inject([TestComponentBuilder], fakeAsync((tcb: TestComponentBuilder) => {
+                  var t = `<div [ng-form-model]="form">
                       <select ng-control="city">
                         <option *ng-for="#c of data" [value]="c"></option>
                       </select>
                   </div>`;
 
-           tcb.overrideTemplate(MyComp, t).createAsync(MyComp).then((rootTC) => {
-             rootTC.debugElement.componentInstance.form =
-                 new ControlGroup({"city": new Control("NYC")});
-             rootTC.debugElement.componentInstance.data = ['SF', 'NYC'];
-             rootTC.detectChanges();
+                  var rootTC;
+                  tcb.overrideTemplate(MyComp, t).createAsync(MyComp).then((rtc) => rootTC = rtc);
+                  tick();
 
-             var select = rootTC.debugElement.query(By.css('select'));
-             expect(select.nativeElement.value).toEqual('NYC');
-             async.done();
-           });
-         }));
+                  rootTC.debugElement.componentInstance.form =
+                      new ControlGroup({"city": new Control("NYC")});
+                  rootTC.debugElement.componentInstance.data = ['SF', 'NYC'];
+                  rootTC.detectChanges();
+                  tick();
+
+                  var select = rootTC.debugElement.query(By.css('select'));
+                  expect(select.nativeElement.value).toEqual('NYC');
+                })));
 
       it("should support custom value accessors",
          inject([TestComponentBuilder, AsyncTestCompleter], (tcb: TestComponentBuilder, async) => {
diff --git a/modules/angular2/test/public_api_spec.ts b/modules/angular2/test/public_api_spec.ts
index 8a1a61d71d..bcdc807327 100644
--- a/modules/angular2/test/public_api_spec.ts
+++ b/modules/angular2/test/public_api_spec.ts
@@ -809,13 +809,12 @@ var NG_API = [
   'Query.token',
   'Query.varBindings',
   'QueryList',
-  'QueryList.add()',
   'QueryList.any():dart',
   'QueryList.contains():dart',
   'QueryList.elementAt():dart',
   'QueryList.every():dart',
   'QueryList.expand():dart',
-  'QueryList.fireCallbacks():',
+  'QueryList.notifyOnChanges():',
   'QueryList.first',
   'QueryList.firstWhere():dart',
   'QueryList.fold():dart',
@@ -828,10 +827,8 @@ var NG_API = [
   'QueryList.lastWhere():dart',
   'QueryList.length',
   'QueryList.map()',
-  'QueryList.onChange()',
+  'QueryList.changes',
   'QueryList.reduce():dart',
-  'QueryList.removeAllCallbacks()',
-  'QueryList.removeCallback()',
   'QueryList.reset()',
   'QueryList.single',
   'QueryList.singleWhere():dart',