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As far as I can see, the problems are:
relocation of binary/library path (this is solved by 
adding -R to LDSHARED depending on platform)
SOVERSION - some systems like it, some do not. If you do 
SOVERSION, you must create a link to the proper version in 
the installation phase. IMO we can just avoid versioning 
at all and let the distribution builders do it themselves. 
The other way is to attach full version of python as 
SOVERSION (e.g. 2.1.1 -> libpython2.1.so.2.1.1).

I'm the author of the patch (ppython.diff). I'm not the 
author of the file dynamic.diff, I have included it here 
by accident and if it is possible to delete it from this 
page, it should be done.