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kqueue timers are not working at all on Mac OSX 10.6.1 (probably not 
working on other BSDs as well but haven't tested it).
Here's a simply repro:
from select import *
kq = kqueue()
e = kevent(10000, flags=KQ_EV_ENABLE|KQ_EV_ONESHOT, 
filter=KQ_FILTER_TIMER)
e
<select.kevent ident=10000 filter=-7 flags=0x14 fflags=0x0 data=0x0 
udata=0x0>
new_e = f.control([e], 1, 0)
This should block 10s before it returns control with new_e having a timer 
event returned. However, it isn't the case.
control returns immediately returning a busted event:
[<select.kevent ident=10000 filter=-7 flags=0x4000 fflags=0x0 data=0x2 
udata=0x0>]
Am I missing something?