Docbook Python error

I'm trying to build getting started guide, and get a Python stacktrace.
Did anybody run into this and know what to fix? I have Python 3.4
and docutils identifies itself as:

	:Date: $Date: 2015-03-15 17:16:30 +0000 (Sun, 15 Mar 2015) $
	:Revision: $Revision: 7837 $

Should I use some older version?

Thanks,
Volodya

docutils.html 
..\..\bin.v2\more\getting_started\msvc-12.0\debug\threading-multi\
windows.html
Traceback (most recent call last):
   File "C:/Users/Vladimir/Local/docutils/tools/rst2html.py", line 17, 
in <module
 >
     from docutils.core import publish_cmdline, default_description
   File "C:\Users\Vladimir\Local\docutils\docutils\__init__.py", line 
68, in <mod
ule>
     class ApplicationError(StandardError):
NameError: name 'StandardError' is not defined

     set 
PYTHONPATH=C:/Users/Vladimir/Local/docutils;C:/Users/Vladimir/Local/docu
tils/extras;%PYTHONPATH%

     "C:\Python34\python" 
"C:/Users/Vladimir/Local/docutils/tools/rst2html.py"  -
-link-stylesheet --traceback --trim-footnote-reference-space 
--footnote-referenc
es=superscript --stylesheet=../../rst.css windows.rst 
..\..\bin.v2\more\getting_
started\msvc-12.0\debug\threading-multi\windows.html