blender doesnt see python :S

ive installed and re-installed countless times now, but blender 2.492 that im running just doesnt see python at all, i want to import models from makehuman, so i really need the scripts to work.
blender says at startup
“compiled with python version 2.6.2.
‘import site’ failed; use -v for traceback
checking foe installed python … No installed python found.
only built-in modules are available. some scripts may not run.
continueing happily.”
can anyone help me fix this problem please, ive installed python 2.6.2. on my computer but still same results :L
im running windows 7 home premium 64 bit if it helps with 32 bit version of blender.

Did you install the 64bit version of python?

yeah i did, ive tried it with both 32 and 64 bit versions but blender still doesnt see it, i would try with 64 bit pyhon and 64 bit blender but theres no .exe for the 64 bit version of blender 2.49, any other ideas what could be the problem?
thanks for the quick reply too