I'm downloading Python 3.1.1 and that comes with the IDLE correct?
I'm also downloading QT for Windows which I'm told is a good GUI framework to work with Python. 
What projects should I try to make in order to grasp some of the goodies Python brings to the table?
Thanks a bunch SO.
Write a simple Text Editor.
That was one of the projects i started when i first learned python. It gets you used to the GUI framework, file IO, many types, OOP, lots... It's something that you can grow over time as your confidence builds and it's cross platform so it's handy.
What are some good projects to make for a newbie Python (but not new to programming) developer?