Writing down these instructions because invariably I will forget them...thanks to the great MontyTaylor for his assistance in all things packaging 
Contents
Before You Start
# Contact one of the existing PyPI maintainers for Glance (JayPipes, EwanMellor or MontyTaylor) and get them to add you to the release admins. # Create a login/password and set your PGP key on your PyPI account details area
Registering with PyPI
If this is the first time you are making a release on a local machine:
python setup.py register
Answer (1) to use your existing PyPI login/password.
Bump Version
Only if the version has not been updated to a version that is not already released.
Edit setup.py and change the version, bumping minor version or major version numbers as appropriate. Also edit doc/source/conf.py and match the version number.
Then, do:
bzr commit -m "Versioning"
Tag the Release
bzr tag <VERSION>
Uploading to PyPI
Then, push to PyPI:
python setup.py sdist upload -s
Creating the Release in Launchpad
For launchpad, you go to the series, for example: https://launchpad.net/glance/bexar
Click the link "Create Release"
In theory you should have a milestone already for every release you want to make, but if you don't, the Create Release process will let you create one.
Make sure to set a download file by clicking "Add download file" and selecting the /dist/<VERSION>.tar.gz file and use the /dist/<VERSION>.asc as the GPG signature file
After the Release
Once the release is cut, then edit setup.py and doc/source/conf.py again. We want to up the version of Glance to the next logical version, so edit setup.py and change the version again and bzr commit -m "Version up". This means that anyone pulling trunk after a release will have the version set correctly to a version after the release version...