It looks like the error is here:

if issubclass(child_exception_type, OSError) and hex_errno:
    errno_num = int(hex_errno, 16)
    if errno_num != 0:
        err_msg = os.strerror(errno_num)
        if errno_num == errno.ENOENT:
            err_msg += ': ' + repr(args[0])
    raise child_exception_type(errno_num, err_msg)
raise child_exception_type(err_msg)

http://hg.python.org/cpython/file/b40025e37bcd/Lib/subprocess.py#l1415

The "args[0]" should be "executable" when appropriate.