With the more general use of python for access to database information, numpy and scipy analysis, and web posting, it seems that there should be more and better means of reporting from python. Some of the existing tools are too low-level for general use (such as Reportlab).
As far as I can tell, there are no tools that approach the high-level functionality of Proc Report, as used in SAS. Pagination with headers and footers, and column-spanning headers are some specific tool limitations. I believe that there would be even more usage of python in science and industry if there were better tools for reporting.