Have the same problem on karmic, apt python configuration was running.
ii python-ubuntuone-client 1.0.2-0ubuntu1
Ubuntu One client Python libraries
ii python-ubuntuone-storageprotocol 1.0.0-0ubuntu1
Python library for Ubuntu One file storage a
ii ubuntuone-client 1.0.2-0ubuntu1
Ubuntu One client
ii ubuntuone-client-gnome 1.0.2-0ubuntu1
Ubuntu One client GNOME integration
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ubuntuone-syncdaemon crashed with ImportError in <module>()
https://bugs.launchpad.net/bugs/404402
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