Thanks for the feedback, I wasnt aware of PyErr_Display, its not
documented as far as I know.

http://docs.python.org/dev/py3k/genindex-all.html

For blender, its development id still in progress so we don't yet have
an internal console replacement.

however we use a number of python apis in blender (game engine api, UI
api, wrapping our own data) - So there are a number of places where this
function could come in handy, and completely replacing the stdout isn't
always an option - when running the game engine for instance.

Ill look into using a PyErr_DisplayEx