=Situation= py2exe-ing larger projekts take some time for byte compilation at all.

=Idea= Maybe [http://psyco.sourceforge.net psyco] will help? as Armin Rigo writes... "Psyco is a Python extension module which can massively speed up the execution of any Python code."

=doing it=

at the top of setup.py I inserted 

   1 import psyco
   2 psyco.log()
   3 psyco.full()

and it feels faster. No time to benchmark, yet