Django running wrong version
mod_python is built for 2.4, but Django is installed for 2.7. Either build mod_python for 2.7, install Django under 2.4, or put a local copy of Django with your project so that the version of Python doesn't matter.
Although running "python" from the shell runs Python v2.7, Django is loading files for python2.4, as shown in the error when I load a django site:

Mod_python error: "PythonHandler django.core.handlers.modpython"
Traceback (most recent call last):
File "/usr/lib/python2.4/site-packages/mod_python/apache.py", line 287, in HandlerDispatch
     log=debug)
File "/usr/lib/python2.4/site-packages/mod_python/apache.py", line 461, in import_module
      f, p, d = imp.find_module(parts[i], path)
ImportError: No module named django

I think Django is installed for version 2.7 and that's why the bottom says "No module named django"
This is my first django install (it's on a mediatemple DV server) so I wouldn't be surprised if I'm doing something stupid. Thanks!