Yeah, going back to the sourceforge site now I see the install instructions you quote above.
Perhaps I'm spoiled by all the FSF packages I've dealt with over the years. In addition to being impatient I expect the README file to either tell me how to install the product or direct me to the INSTALL file in the package that has the install instructions. Back to my other question, how can I lobby to have pexpect added to the standard python library? -- http://mail.python.org/mailman/listinfo/python-list