Squisher -- a lightweight, self-contained alternative to eggs?

[Adam Atlas]

This could be easily made into a distutils extension (which was my
intention all along, though that's not implemented yet). That's not
the point. This is not intended as a "way to package source code".
It's analogous to bdist, not sdist. The convenience gain is for the
users, not (primarily) the developers, of the package.

To use an Egg, you have to either put it in your sys.path manually or
install setuptools and use it to install the Egg in some global scope.
The advantage of Squisher is that you can take a whole package, squish
it into one .pyc file, and distribute that. Then, anyone who downloads
it can get a simple module file that can be used anywhere a usual .py
file can, without editing sys.path or installing it somewhere.
(Actually, this could be combined with eggs, since they're just ZIP
files. You could use the same file as an egg or as a squished module
simply by changing its extension.)

...Or am I missing something obvious about setuptools that already
does this and making a fool of myself? :)