New bugfix version out since 3rd of April.
It's there since 13 March 2008: *sqlalchemy-0.4.4 (13 Mar 2008) 13 Mar 2008; Lukasz Strzygowski <lucass@gentoo.org> -sqlalchemy-0.4.2.ebuild, +sqlalchemy-0.4.4.ebuild: Version bump (bug #213140). Dropped old version.
Duh.. made a typo ;) 0.4.5 is out
in CVS. Thanks for reporting :)