A thought on security - I think #5 should be changed from

    if socket.gethostname() == 'productionserver.com':
        DEBUG = False
    else:
        DEBUG = True

to

    if socket.gethostname() == 'developmentcomp':
        DEBUG = True
    else:
        DEBUG = False

It's better practice to whitelist one box than to enable DEBUG on all computers but the production server - what if you deploy to another machine without thinking?