$DJANGOTRUNK = /path/to/django/checkout
$EXODUS = /path/to/exodus/checkout

= checkout django =

svn co -r 8354 http://code.djangoproject.com/svn/django/trunk/ $DJANGOTRUNK

= remove old django =

For fink:
sudo rm -v /sw/bin/django-admin.py
sudo rm -v /sw/lib/python2.5/site-packages/django

= install new django = 

sudo ln -sv $DJANGOTRUNK/django/bin/django-admin.py /sw/bin/django-admin.py
sudo ln -sv $DJANGOTRUNK/django /sw/lib/python2.5/site-packages/django

= run server and syncdb =

$EXODUS/sampleserver/manage.py syncdb --pythonpath=$EXODUS
$EXODUS/sampleserver/manage.py runserver --pythonpath=$EXODUS