Python web frameworks vs Java web frameworks (how is web development in Python done?)
It may sound strange, but there's no need to know "how web development is performed in Python" to start doing it.
In fact, working with language/framework/etc is a single most reliable way to get understanding of it. You won't gain a lot from one-page summaries.
Also, comparing it with Java isn't likely to help. There's no point in doing "Java-style development in Python". If you want to benefit, you'll need to clear your mind and do everything "Python-way".
As to what Python framework to choose, Django seems like like a good starting point. It's very popular, which means you won't be left without tutorials/documentation/help.
PS Short version: just do it.
I am thinking in starting a personal pet web project to experiment with different things and extend my knowledge.
I use Java a lot at work (for web applications :D) and was thinking in making my own in Python since I kinda like this language but never passed the simple scripts stages. 
I want to  step up a gear regarding Python (using 2.6.5) and don't know what to expect or what framework to choose from: Django, Pylons, web2py etc.
I also don't know how much these frameworks will offer me and how much will I have to write from scratch. 
I could use a comparison with Java if somebody can provide me with. I'm thinking at filter functionalities such as sitemesh, custom tags like JSTL; In Python, can I write clean pages of HTML with tags in them or write a lot of print statements (something like servlets did in Java etc?
I don't know exactly how to phrase this question. 
I actually need a presentation of how web development is performed in Python, at what level, and what the web frameworks bring to the table.
Can you share from your experience?
TIA!