best way to upgrade from default Python 2.4 to Python 2.6?

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What is the best way to upgrade to Python 2.6 from the default Python 2.4.

I'm running CentOS 5 --> Linux 2.6.18-238.9.1.el5 #1
SMP Tue Apr 12 18:10:13 EDT 2011 x86_64 x86_64 x86_64 GNU/Linux

I've read these horror stories online and don't want to break yum.
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