...but basically it puts Python scripts and a Python-runner into "MacOS", and Python and C++ libraries into "Frameworks". You could also download the built ".app" to see the final layout.
This is actually quite a bit simpler than it used to be. In the old days I was able to support both PowerPC and Intel, multiple versions of Python and about 6 different old Mac OS X versions in the same bundle. I still can't quite believe that it worked. :)