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I just installed Python 3.3.1, and tried to open IDLE, which failed to come up, giving only the classic pythonw.exe has stopped responding.
Will post dumps.

So I tried to open Python33\python.exe and it's trying to load codecs from Python 2.7 which I think has to be the cause of the problem. When it raises CodecRegistryError, the 2.7 syntax is wrong for 3.3 and causes a SyntaxError.
Fatal Python error: Py_Initialize: unable to load system file codec
 File "C:\Python27\Lib\encodings\__init__.py", line 123
 raise CodecRegistryError,\
 ^
SyntaxError: invalid syntax

Hum, do you have any environment variable that refer to Python27?
In a terminal window (cmd.exe), try the following command:
 set | findstr /i python

It returns this:
C:\Users\Acebulf>set | findstr /i python
Path=C:\Python27\Lib\site-packages\PyQt4;C:\Program Files (x86)\NVIDIA Corporati
on\PhysX\Common;C:\Windows\system32;C:\Windows;C:\Windows\System32\Wbem;C:\Windo
ws\System32\WindowsPowerShell\v1.0\;C:\Program Files\Intel\WiFi\bin\;C:\Program
Files\Common Files\Intel\WirelessCommon\;C:\Program Files\Microsoft SQL Server1円
10\Tools\Binn\;C:\Program Files (x86)\MiKTeX 2.9\miktex\bin\;C:\Program Files\In
tel\WiFi\bin\;C:\Program Files\Common Files\Intel\WirelessCommon\;C:\Python27\
PYTHONPATH=C:\Python27\Lib;C:\Python27\DLLs;C:\Python27\Lib\lib-tk;

Please remove the PYTHONPATH environment variable.
I don't know how it came here, but it's certainly not needed: these directories are computed at runtime when the python27 interpreter starts;
it can only do harm when another interpreter is installed.

Patrick, does removing PYTHONPATH from your environment variables fix this problem?

I'm closing this issue due since it's root problem is a misconfigured environment variable.

s/it's/its