The package needs to be rebuilt against python 2.7 in both F14 and devel.
Information on the new "dist-git" system can be seen here:
Information on common difficulties with Python 2.7 rebuilds can be seen here:
Once it's been successfully rebuilt for F14, an update needs to be filed to get the rebuild into F14:
Please add this bug to the update, to make it easy to track what's been done, and what's left to do.
Looks like this is already built as:
python-psutil-0.1.3-4.fc14 has been submitted as an update for Fedora 14.
python-psutil-0.1.3-4.fc14 has been pushed to the Fedora 14 stable repository. If problems still persist, please make note of it in this bug report.