No matter what I do, django-admin.py is not found, even though it's in my path
python -mdjango-admin looks like what you're looking for. -m tells Python to find a module on sys.path and run that module as "the main script" -- which seems exactly your goal!
I have added C:\Python26\Lib\site-packages\django\bin to my path, I have started a new cmd session in Windows 7, but when I try to do 'python django-admin.py ...' it says there is no file django-admin.py.  When I type path, there is the full path to ...\django\bin. This is driving me nuts. Clearly it's there, but it's not working. Any suggestions?