code:

#!/usr/bin/env python

import sys
from kdecore import KApplication, KLibLoader
from kparts import KParts
from qt import QVBox, SIGNAL

class MainWindow(KParts.MainWindow):

  def __init__(self):
    KParts.MainWindow.__init__(self, None)
    vbox = QVBox(self)
    factory = KLibLoader.self().factory("libkonsolepart")
    konsole = factory.create(vbox, "konsolepart", "KParts::ReadOnlyPart")
    self.connect(konsole, SIGNAL("destroyed()"), self.close)
    self.setCentralWidget(vbox)

a = KApplication(sys.argv, "kterm")
window = MainWindow()
a.setMainWidget(window)
window.show()

a.exec_loop()