This is a py2exe setup script.

Grab the CVS version of py2exe from sourceforge.  Ensure you have Python 2.3.
Install the py2exe\sandbox version, *not* the top-level py2exe version.

Run "setup_all.py"

You should find a dist directly.  pop3proxy*.exe should all work.  
addin.exe/addin.dll are the Outlook addin and do not work
(and will be renamed)