Python: what does “import” prefer - modules or packages?

Question

Suppose in the current directory there is a file named somecode.py, and a directory named somecode which contains an __init__.py file.

Answer 1

Packages will be imported before modules. Illustrated:

% tree .
.
|-- foo
|   |-- __init__.py
|   `-- __init__.pyc
`-- foo.py

foo.py:

% cat foo.py 
print 'you have imported foo.py'

foo/__init__.py:

% cat foo/__init__.py
print 'you have imported foo/__init__.py'

And from interactive interpreter:

>>> import foo
you have imported foo/__init__.py

I have no idea where this is officially documented.

Edit per comment: This was performed with Python 2.7 on Mac OS X 10.6.7. I also performed this using Python 2.6.5 on Ubuntu 10.10 and experienced the same result.