Installing python-daemon

I've downloaded the python-daemon package (https://pypi.python.org/pypi/python-daemon/) and tried installing it using

python setup.py install

but I get this error:

Traceback (most recent call last):  File "setup.py", line 22, in ?     main_module = __import__(main_module_name, fromlist=['version'])TypeError: __import__() takes no keyword arguments

I'm not sure what's causing this. I tried getting around it by just working in same directory as the downloaded module (in which case I can get access to the daemon module), but that led to other problems down the line.

Also, I'm using python 2.4.3, and updating is not an option unfortunately.