Eclipse/Pydev error: "interprer: c:\python24\python.exe is not configured in the pydev preferences as a 'python 2.5' interpreter"

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http://www.saltycrane.com/blog/2007/01/eclipsepydev-error-interprer/

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Eclipse 3.2, PyDev 1.2.6 error:

"Error. The interprer: c:\python24\python.exe is not configured in the pydev preferences as a 'python 2.5' interpreter (as required by the project:06_cutil)."

Not sure I understand this message. To fix, go to "Run" menu, "Run...", "Arguments" tab, in the "Interpreter:" dropdown menu, select "c:\python25\python.exe"