SPE install on Windows 7

Let me preface this post by saying I'm new to Python and the only languages I've worked with in the past are C++ and Java from classes I took in school.  I've never done any programming except for the classes that I attended 13 years ago.  I've studied a few languages since then but for very brief periods of time.

I googled for about 15 minutes or so (that's about my limit on searching for a resolution to a problem I think should be somewhat easy to fix) on why I couldn't get Stani's Python Editor to launch after installing it on my Windows 7 laptop.

The only website I could find that talked about installing SPE stated that if it didn't launch after installing Python and wxPython, they weren't sure what to suggest.

I installed Python 2.7 and 3.2 (32 bit edition) along with installing the latest version of wxPython (as of today 3-17-2012).  I installed 3.2 just to have access to the latest version.  After unzipping SPE, I double clicked on SPE.py and nothing happened except a cmd window that opened and closed really quick.  I opened up a command prompt, navigated to the SPE folder and typed in SPE.py.  I got the message....

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File "C:\_spe\SPE.py", line 22
print 'You need to upgrade wxPython to v%s (or higher) to run SPE.'%MIN_WX_VERSION

SyntaxError: invalid syntax
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I added C:\Python27\ to my environment variables PATH within Windows but I still got the message.

I created a shortcut with the path "C:\Python27\pythonw.exe C:\_SPE\SPE.py" and that opens up SPE just fine.  To me, that's a work around.  I should be able to call SPE.py from a command prompt or double clicking on it and SPE should open.

Any suggestions on making it work they way it should?  Aren't all .py files just source text files anyway?  I thought maybe Python 2.7 was too new of a version for SPE until my manual short cut worked.  The SPE file I downloaded was SPE-0.8.4.c-wx2.6.1.0-no_setup.zip.