Hope was definitely a bad choice of word. By that I meant, the sort of tight query you'd hope an ORM would deliver.
Anyhow, it's a matter of taste, but what may appear at first as hieroglyphics actually is straightforward. It's just that concision here means some packed meaning and some assumed knowledge, so you have to know how to read it. In this case, that's an easy trade-off for me.
I'm not familiar with SQLAlchemy, so I find your example equally hard to read, compounded by there being much more code to spelunk through to understand.
Different strokes and all that, though. There's room for plenty of frameworks :)