Good python XML parser to work with namespace heavy documents

Question

Python elementTree seems unusable with namespaces. What are my alternatives? BeautifulSoup is pretty rubbish with namespaces too. I don't want to strip them out.

Examples of how a particular python library gets namespaced elements and their collections are all +1.

Edit: Could you provide code to deal with this real world use-case using your library of choice?

How would you go about getting strings 'Line Break', '2.6' and a list ['PYTHON', 'XML', 'XML-NAMESPACES']

<?xml version="1.0" encoding="UTF-8"?>
<zs:searchRetrieveResponse
    xmlns="http://unilexicon.com/vocabularies/"
    xmlns:zs="http://www.loc.gov/zing/srw/"
    xmlns:dc="http://purl.org/dc/elements/1.1/"
    xmlns:lom="http://ltsc.ieee.org/xsd/LOM">
    <zs:records>
        <zs:record>
            <zs:recordData>
                <srw_dc:dc xmlns:srw_dc="info:srw/schema/1/dc-schema">
                    <name>Line Break</name>
                    <dc:title>Processing XML namespaces using Python</dc:title>
                    <dc:description>How to get contents string from an element,
                        how to get a collection in a list...</dc:description>
                    <lom:metaMetadata>
                        <lom:identifier>
                            <lom:catalog>Python</lom:catalog>
                            <lom:entry>2.6</lom:entry>
                        </lom:identifier>
                    </lom:metaMetadata>
                    <lom:classification>
                        <lom:taxonPath>
                            <lom:taxon>
                                <lom:id>PYTHON</lom:id>
                            </lom:taxon>
                        </lom:taxonPath>
                    </lom:classification>
                    <lom:classification>
                        <lom:taxonPath>
                            <lom:taxon>
                                <lom:id>XML</lom:id>
                            </lom:taxon>
                        </lom:taxonPath>
                    </lom:classification>
                    <lom:classification>
                        <lom:taxonPath>
                            <lom:taxon>
                                <lom:id>XML-NAMESPACES</lom:id>
                            </lom:taxon>
                        </lom:taxonPath>
                    </lom:classification>
                </srw_dc:dc>
            </zs:recordData>
        </zs:record>
        <!-- ... more records ... -->
    </zs:records>
</zs:searchRetrieveResponse>