Vection is an issue management application built in django which was designed as a proof of concept prototype to display django's power and speed of development for developing and testing pretty complicated data models in a more rigid way than with other web application approaches.
It is still a working application that implements the core features of all commercial Bug Tracking systems. Most of the Functionality was implemented in 4 days and was built to mainly thrash out the underlying data model. The database can be agnostically deployed to MySQL, postgres or ORACLE
During the summer I hope to expand on this as a proper redeployable application.
See the wiki for screen shots and the data model diagram
http://code.google.com/p/vection/wiki/screenshots
A running example can be found: http://belfast.no-ip.info/vection/login/
The username is "gerry" and the password is "pass"