Problem with loading win32com.client in ActivePython 2.3.2

[Justin Stockton]

I recently upgraded from ActivePython 2.2.2 to ActivePython 2.3.2 and
I'm running into an issue importing the win32com.client module.

Before installing the new version, I made sure to properly remove old
version (as well as the mx libraries I had installed). I then
installed the new version as a user with the Administrator role. I
know I'm technically not supposed to install to a directory with a
space in the name, but it worked fine for ActivePython 2.2.2.

I've included the error message that I get when attempting to import
the win32com.client module.

ActivePython 2.3.2 Build 231 (ActiveState Corp.) based on
Python 2.3.2 (#49, Nov  6 2003, 10:18:20) [MSC v.1200 32 bit (Intel)]
on win32
Type "help", "copyright", "credits" or "license" for more information.
>>> import win32com.client
Traceback (most recent call last):
  File "<stdin>", line 1, in ?
  File "C:\Program Files\ActiveState\Python\Lib\site-packages\win32com\client\__
init__.py", line 12, in ?
    import dynamic, gencache, pythoncom
  File "C:\Program Files\ActiveState\Python\Lib\site-packages\win32com\client\ge
ncache.py", line 623, in ?
    __init__()
  File "C:\Program Files\ActiveState\Python\Lib\site-packages\win32com\client\ge
ncache.py", line 52, in __init__
    Rebuild()
  File "C:\Program Files\ActiveState\Python\Lib\site-packages\win32com\client\ge
ncache.py", line 610, in Rebuild
    _SaveDicts()
  File "C:\Program Files\ActiveState\Python\Lib\site-packages\win32com\client\ge
ncache.py", line 57, in _SaveDicts
    raise RuntimeError, "Trying to write to a readonly gencache
('%s')!" \
RuntimeError: Trying to write to a readonly gencache
('C:\DOCUME~1\shiloh\LOCALS
~1\Temp\gen_py\2.3')!

Now the part that weirds me out, is that even though import
win32com.client throws an error, I can do the following.

>>> from win32com import client
>>>

So I know that everything should be installed correctly.
I'm hoping that someone has seen this before, and can help me out.
Thanks in advance for any help with this issue that is currently
driving me nuts.

- Justin