Yes, it's just standard Python string formatting. In Python:

'here is %(key)s' % dict(key='my key')

yields 'here is my key'. Nothing miraculous, or specific to web2py.

Anthony

On Sunday, April 22, 2012 7:28:56 PM UTC-4, mrtn wrote:
>
>
> Some digging in the Web2py source code reveals that the variable merely 
> holds a string which contains a variable 'key' that is set to 
> 'registration_key' field of the auth_user table.
>

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