The last V2 Python update has been released along with a corresponding update to the incompatible V3.
Python has a slight problem in that it has a widely used version 2 and a relatively new (2008) non-backwards compatible version 3. Any attempt to move a language forward in a non-backward compatible way is a dangerous time in its development.

Python 2 has now reached a milestone. The latest version, 2.7.1, is the last major revision of the version 2 line of Python and marks the move to maintenance only. Many of its new features were first released in version 3 so in a sense you can consider it to be a backward compatible extension in version 3's direction. New features include:
- An ordered dictionary type
- New unittest features including test skipping, new assert methods, and test discovery
- A much faster io module
- Automatic numbering of fields in the str.format() method
- Float repr improvements backported from 3.x
- Tile support for Tkinter
- A backport of the memoryview object from 3.x
- Set literals
- Set and dictionary comprehensions
- Dictionary views
- New syntax for nested with statements
- The sysconfig module
Also released at the same time is Python 3.1.3 and it includes some of the same improvements:
- An ordered dictionary type
- Various optimizations to the int type
- New unittest features including test skipping and new assert methods.
- A much faster io module
- Tile support for Tkinter
- A pure Python reference implementation of the import statement
- New syntax for nested with statements
More information and downloads from: http://www.python.org/
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