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by Dean Goodmanson.
Original Post: Python XML Binding + XML Schema binding
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I ended up at Dave Kuhlman's home page and came across his generateDS.py which (most importantly to me) contains "A parser that will read an XML document which satisfies the XML Schema from which the parser was generated. The parser creates and populates a tree structure of instances of the generated Python classes." I haven't played with it yet.
This is a nifty feature of Visual Studio.Net for XML Schemas which I was looking for a Python counterpart several months ago.