This was done on a 7.2 plus all errata system. Whoever put the big rpm update together did not do proper testing! This set of updates CANNOT be installed with freshen (rpm -Fvh) as the announcements says. Somewhere along the way (for good reasons I assume) the file /usr/lib/python1.5/site-packages/poptmodule.so was moved from the rpm-python package into its own package (python-popt). With up2date installed (I had previously updated up2date with RHBA-2002:044-12, the freshen (my prefered procedure) is no possible. The only way I could update was to issue rpm -Uvh. This should really be against "python-popt" component since that is the source package but that component does not currently exist.
Dito. I get the same problem. Here is the output from: rpm -Fvh popt* rpm* python-popt* gnorpm* kdeadmin* rpm2html* rpmfind* error: failed dependencies: poptmodule.so is needed by up2date-2.7.46-7.x.2
Install the python-popt package. FWIW, this isn't an rpm problem.