Runserver Error (Exceptions) in Latest Django Dev Version with Python 3.3

Django newbie here. I just checked out and installed the latest dev version as instructed and created a project, but when trying to "python manage.py runserver", it gives the following error message.

Anyone has any clue? Huge thanks!

$ python manage.py runserver

Traceback (most recent call last):

  File "/Users/noahark/Dev/django-trunk/django/apps/base.py", line 66, in create

    module = import_module(entry)

  File "/Library/Frameworks/Python.framework/Versions/3.3/lib/python3.3/importlib/__init__.py", line 90, in import_module

    return _bootstrap._gcd_import(name[level:], package, level)

  File "<frozen importlib._bootstrap>", line 1584, in _gcd_import

  File "<frozen importlib._bootstrap>", line 1565, in _find_and_load

  File "<frozen importlib._bootstrap>", line 1532, in _find_and_load_unlocked

  File "<frozen importlib._bootstrap>", line 584, in _check_name_wrapper

  File "<frozen importlib._bootstrap>", line 1022, in load_module

  File "<frozen importlib._bootstrap>", line 1003, in load_module

  File "<frozen importlib._bootstrap>", line 560, in module_for_loader_wrapper

  File "<frozen importlib._bootstrap>", line 868, in _load_module

  File "<frozen importlib._bootstrap>", line 313, in _call_with_frames_removed

  File "/Users/noahark/Dev/django-trunk/django/contrib/admin/__init__.py", line 5, in <module>

    from django.contrib.admin.options import ModelAdmin, HORIZONTAL, VERTICAL

  File "/Users/noahark/Dev/django-trunk/django/contrib/admin/options.py", line 31, in <module>

    from django.shortcuts import get_object_or_404

ImportError: bad magic number in 'django.shortcuts': b'\x03\xf3\r\n'

During handling of the above exception, another exception occurred:

Traceback (most recent call last):

  File "/Users/noahark/Dev/django-trunk/django/apps/base.py", line 80, in create

    cls = getattr(mod, cls_name)

AttributeError: 'module' object has no attribute 'admin'

During handling of the above exception, another exception occurred:

Traceback (most recent call last):

  File "manage.py", line 10, in <module>

    execute_from_command_line(sys.argv)

  File "/Users/noahark/Dev/django-trunk/django/core/management/__init__.py", line 426, in execute_from_command_line

    utility.execute()

  File "/Users/noahark/Dev/django-trunk/django/core/management/__init__.py", line 389, in execute

    django.setup()

  File "/Users/noahark/Dev/django-trunk/django/__init__.py", line 21, in setup

    apps.populate(settings.INSTALLED_APPS)

  File "/Users/noahark/Dev/django-trunk/django/apps/registry.py", line 81, in populate

    app_config = AppConfig.create(entry)

  File "/Users/noahark/Dev/django-trunk/django/apps/base.py", line 86, in create

    "cannot import name '%s' from '%s'" % (cls_name, mod_path))

ImportError: cannot import name 'admin' from 'django.contrib'

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