Yes Janssen, I checked again and found it implemented in both trunk
(py26) and py3k. All the tests pass as well.

However, in one of my testcases for issue1424152, where I expected the 
timeout to happen for do_handshake(), it did not take effect. I shall
look for the reasons.

The following is the tail from the traceback.  

  File "/usr/local/lib/python2.6/httplib.py", line 1095, in connect
    self.sock = ssl.wrap_socket(sock, self.key_file, self.cert_file)
  File "/usr/local/lib/python2.6/ssl.py", line 316, in wrap_socket
    suppress_ragged_eofs=suppress_ragged_eofs)
  File "/usr/local/lib/python2.6/ssl.py", line 116, in __init__
    self.do_handshake()
  File "/usr/local/lib/python2.6/ssl.py", line 260, in do_handshake
    self._sslobj.do_handshake()
KeyboardInterrupt