I use it quite often, mainly as a null object or to partially bind parameters to a function.
Here are examples:
to implement null object pattern:
{
DATA_PACKET: self.handle_data_packets
NET_PACKET: self.handle_hardware_packets
}.get(packet_type, lambda x : None)(payload)
for parameter binding:
let say that I have the following API
def dump_hex(file, var)
# some code
pass
class X(object):
#...
def packet_received(data):
# some kind of preprocessing
self.callback(data)
#...
Then, when I wan't to quickly dump the recieved data to a file I do that:
dump_file = file('hex_dump.txt','w')
X.callback = lambda (x): dump_hex(dump_file, x)
...
dump_file.close()