A really great use for try/except/else would be if an object is implementing its own __getitem__ method, so you would have something like this:
class SomeObj(object):
def __getitem__(self, key):
try:
#sometype of assertion here based on key type
except AssertionError, e:
raise TypeError, e #invalid type
else:
#continue processing, etc.. return some index, which
will auto throw
#an index error if you have some type of indexable
datastructure
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