Index: templatetags/__init__.py
===================================================================
--- templatetags/__init__.py	(revision 7104)
+++ templatetags/__init__.py	(working copy)
@@ -2,6 +2,12 @@
 
 for a in settings.INSTALLED_APPS:
     try:
-        __path__.extend(__import__(a + '.templatetags', {}, {}, ['']).__path__)
+        name = a + '.templatetags'
+        mod = __import__(name)
+
+        components = name.split('.')
+        for comp in components[1:]:
+            mod = getattr(mod, comp)
+        __path__.extend(mod.__path__)
     except ImportError:
         pass