I've just added some instructions on how to build Python on Windows with the free MS Toolkit C++ compiler. They are at http://wiki.python.org/moin/Building_Python_with_the_free_MS_C_Toolkit.
Most of the credit for this goes to David Murmann, whose posting on the subject to python-list pointed out the existence of Nant, a free tool which will read Visual Studio solution files, and inspired me to see if I could get the process to work. If anyone finds any problems with the instructions given there, feel free to let me know (or better still, update the page with your correction!) Paul. -- http://mail.python.org/mailman/listinfo/python-list