I just learned about iPython:

IPython can be used as a replacement for the standard Python shell, or it can be used as a complete working environment for scientific computing (like Matlab or Mathematica) when paired with the standard Python scientific and numerical tools. It supports dynamic object introspections, numbered input/output prompts, a macro system, session logging, session restoring, complete system shell access, verbose and colored traceback reports, auto-parentheses, auto-quoting, and is embeddable in other Python programs.

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