How can I use Panda with my own installation of python?

I know I need a .pth file, but is that all. Will I need all the Python libraries used by Panda?

You need it to be the same major Python version, and compiled for the same architecture. 32-bit Panda won’t work with 64-bit Python. If Panda is built for Python 2.5, it won’t work with a build of Python 2.6.