Description of problem:
After upgrading to Fedora 16, ipython doesn't honor my old configuration anymore, nor makes it easy to migrate the old one. The %install_default_config magic macro doesn't work as well.

Version-Release number of selected component (if applicable):
ipython-0.11-3.fc16.noarch
ipython-doc-0.11-3.fc16.noarch
ipython-gui-0.11-3.fc16.noarch
ipython-tests-0.11-3.fc16.noarch

How reproducible:
Reproducible.

Steps to Reproduce:
A)
1. On Fedora 15 or earlier, use and configure ipython (to look more like classic python interactive shell, don't confirm on exit, ...)
2. Upgrade to F-16
3. Run ipython

B)
1. Start ipython
2. %install_default_config
  
Actual results:
A) ipython complains about old configuration but offers no valid help in migrating: The online documentation mentions how to install a default profile, and how to set up classic mode or "don't confirm on exit", but configuring it as described has no visible effect.

B)

In [6]: %install_default_config
Installing default config file in: /home/nils/.config/ipython/profile_default
---------------------------------------------------------------------------
IOError                                   Traceback (most recent call last)
/home/nils/<ipython-input-6-35b2515cdc84> in <module>()
----> 1 get_ipython().magic(u"install_default_config")

/usr/lib/python2.7/site-packages/IPython/core/interactiveshell.pyc in magic(self, arg_s, next_input)
   1892                 self._magic_locals = sys._getframe(1).f_locals
   1893             with self.builtin_trap:
-> 1894                 result = fn(magic_args)
   1895             # Ensure we're not keeping object references around:

   1896             self._magic_locals = {}

/usr/lib/python2.7/site-packages/IPython/core/magic.pyc in magic_install_default_config(self, s)
   3393         pd = self.shell.profile_dir
   3394         print "Installing default config file in: %s" % pd.location
-> 3395         pd.copy_config_file('ipython_config.py', overwrite=overwrite)
   3396 
   3397     # Pylab support: simple wrappers that activate pylab, load gui input


/usr/lib/python2.7/site-packages/IPython/core/profiledir.pyc in copy_config_file(self, config_file, path, overwrite)
    128             path = os.path.join(get_ipython_package_dir(), u'config', u'profile', u'default')
    129         src = os.path.join(path, config_file)
--> 130         shutil.copy(src, dst)
    131         return True
    132 

/usr/lib64/python2.7/shutil.pyc in copy(src, dst)
    114     if os.path.isdir(dst):
    115         dst = os.path.join(dst, os.path.basename(src))
--> 116     copyfile(src, dst)
    117     copymode(src, dst)
    118 

/usr/lib64/python2.7/shutil.pyc in copyfile(src, dst)
     79                 raise SpecialFileError("`%s` is a named pipe" % fn)
     80 
---> 81     with open(src, 'rb') as fsrc:
     82         with open(dst, 'wb') as fdst:
     83             copyfileobj(fsrc, fdst)

IOError: [Errno 2] No such file or directory: u'/usr/lib/python2.7/site-packages/IPython/config/profile/default/ipython_config.py'

Expected results:

A) Better help (e.g. how to implement commonly used options in the new scheme), ideally migrate old configuration options to the default profile.

B) No traceback, default configuration file installed.

Additional info: