Mac OS X has a very easy way to create python app, which is called Python Applet by Apple.
With installation of Xcode, you will have a tool to build python app locate at /Developer/Applications/Utilities/MacPython 2.5/Build Applet.app.
Drag your .py file onto Build Applet.app, an .app will be automatically generated. Copy all other required .py files and resource files into .app/Contents/Resources, and done.