This is correct, as long as you are interested in highlighting keywords only. Highlighting other lexical elements is a but more complicated....
There are plenty of other editors that are doing good python highlighting, but code completion is a problem. Is it posible to add some kind of a python parser and code completion to TheIDE?
Wow, that is pretty complicated task I guess....
Maybe it would be possible to somehow bind Python syntax to C++ items (to employ curect "code-database format", but I know too little about Python to be sure....