This version is slightly aged. The hyde project has been more or less restarted and the current version is at https://github.com/hyde/hyde .
It seems it dropped the dependency on django and is using jinja2 now.
I wasn't aware of Hyde. From skimming the site it looks like Pelican is simpler, not requiring Django and being easier to get up and running initially.
The only drawback I've found so far is the inability of ReST to reference sections in other document files.
Hyde doesn't actually use django despite what the homepage says.
The one he linked to still requires Django (look at requirements.txt for the pip requirements).