There is something called Mirra. it uses opengl for hardware rendering etc. You can find it here http://www.pygame.org/project/117/
I tried it out a long time ago. it was pretty good IMHO. And not very hard to use. But pygame already handles 2D graphics and it is relatively fast. Depending on what your doing. Also I have never seen easier event handling than that in pygame. Pygame has great functions for displaying text...
