I haven't seen anyone else post a shockie setup with a Python 60 brushless outrunner yet, so I figured I would post mine:

Ikarus Superstar Shockflyer
Python 60 Brushless Outrunner
Jeti 18 amp brushless controller
2s1p 830mah IRate lipoly
10 x 3.8 SF prop

AUW is just shy of 8 ounces. Hovers around half throttle (pulling about 4.5 amps). At full throttle is will rocket vertical. Max amp draw is 8.5 amps. After hovering constantly for 8 minutes, the battery and motor are just SLIGHTLY warm. The Python motor is great because it's over half an ounce lighter than the AXI (and provides more possible thrust). It also has a rubber-band style prop adapter built in, which saves a nominal amount of weight.