Edit Jan. 26, 2014: After discussing this with the Oslo team some more, I discovered that almost everything I said here was already covered quite well in the drop namespaces spec (that I reviewed... ;-). You're probably just as well off going and reading that, but I'm going to leave this here just in case it happens to help get the word out.
During the Kilo cycle the Oslo team has been busy deprecating the oslo. namespace in all of our projects. The first question this probably raises for most people is: why? Unfortunately the answer to that is not simple, and I'm not sure I understand some of the deeper details of it myself. However, after having talked to some of the Python packaging folks that hang around the OpenStack project we came to the conclusion that namespace packages in Python 2 are just too broken for us to continue using them.