Awesome
XC: Structured exceptions for Python
XC encourages a structured, disciplined approach to use of exceptions: it reduces the overhead of declaring exceptions that are specific to a cause, and that contain information of use to the handler. That in turn makes it easier to write concise handlers.
A Sphinx extension makes it easy to produce good documentation from properly declared exceptions.
XC exceptions can be serialised into standard-compliant, language-independent JSON, which makes them easy to use in web APIs, even when the consumer is not written in Python.
Read the documentation at http://rjgtoys.readthedocs.org/projects/xc/