The latest version of py2cmod makes it easier to get a working C extension module up and running. It now uses the Python getopt module to retrieve commandline options, and allows you to specify the output file name on the command line. It also includes slight modifications to the templates file to ensure that it runs smoothly without much modification.
Version 0.1.1 is almost a documentation upgrade release. It contains a bit more info about how to use it, who to ask for help, and how to help improve it.
The first release of py2cmod was released today and is available from the file release page. If you find any bugs, let me know.