RFC: Adopt PEP8 for Python Code Formatting

I'd like to adopt the Python Style Guide for all code that is submitted into the repository. The guidelines are here:

https://www.python.org/dev/peps/pep-0008/

One exception that I would also like to make for this is line length. While I personally like to keep everything to 80 columns I know this is difficult for formatted strings so having longer lines (132 characters) is a reasonable limit.