DLL load failed: %1 is not a valid Win32 application - Appcelerator

When I try to run an app in Appcelerator (3.1.x) on the built-in Android emulator I'm getting a Python error like this:

Traceback (most recent call last):
  File "C:\Users\Donny\AppData\Roaming\Titanium\mobilesdk\win32\3.1.3.GA\android\fastdev.py", line 10, in <module>
    import urllib, threading
  File "C:\csvn\Python25\lib\urllib.py", line 26, in <module>
    import socket
  File "C:\csvn\Python25\lib\socket.py", line 47, in <module>
    import _socket
ImportError: DLL load failed: %1 is not a valid Win32 application.

I'm not proficient in Python, but what I understand from this question, this question and this one, is that I have a 32 bit version of Python trying to call a 64 bit DLL, right? I'm running on a 64 bit version of Windows 7, so this would make sense. If this is the case, how do I go about fixing this? Would I have to modify something in Appcelerator to use the 64 bit version of Python or possibly direct it to a 32 bit DLL instead?