title: setuptools on python3.0
body: <p>I was trying to install "setuptool" package for python3.0. But unfortunately while 
  I try to install it says module names "dist" is missing. 
     pls help me to resolve this issue.</p>
  
  <hr>
  
  <h3>EDIT AS OF MARCH 2013:</h3>
  
  <p>please look below the accepted answer for a more upto date response by @LennartRegebro</p>