As of 2013-03-24, this project may now be found at http://twistedmatrix.com/.
Twisted is a framework, written in Python, for writing networked applications. See http://twistedmatrix.com/
Only sliced bread is better!
Twisted is some high-quality software which provides lots of great functionality.
Twisted is awesome, but you should have a look at http://twistedmatrix.com/ to get the most recent version.
Simplifies Python networking applications but retains great customizability!