Using be with windows

I'm struggling to work out why I'm unable my init the mercurial repo,

The Hg repo is stored in: C:\Users\fanboy\fanboy-adblock-list

I'm using Python 2.7.2/PyYAML (32bit, since theres no 64 bit PyYAML).
Am I missing something?

http://pastebin.com/raw.php?i=qJ1jAW1X

C:\Users\fanboy\be>python be init ..\fanboy-adblock-list
Traceback (most recent call last):
  File "be", line 26, in <module>
    sys.exit(libbe.ui.command_line.main())
  File "C:\Users\fanboy\be\libbe\ui\command_line.py", line 333, in main
    ret = dispatch(ui, command, args)
  File "C:\Users\fanboy\be\libbe\ui\command_line.py", line 264, in dispatch
    options,args = parser.parse_args(args)
  File "C:\Users\fanboy\be\libbe\ui\command_line.py", line 129, in parse_args
    and self.command.args[-1].repeatable == False:
IndexError: list index out of range

C:\Users\fanboy\be>python be --repo C:\Users\fanboy\fanboy-adblock-list init
Traceback (most recent call last):
  File "be", line 26, in <module>
    sys.exit(libbe.ui.command_line.main())
  File "C:\Users\fanboy\be\libbe\ui\command_line.py", line 333, in main
    ret = dispatch(ui, command, args)
  File "C:\Users\fanboy\be\libbe\ui\command_line.py", line 265, in dispatch
    ret = ui.run(command, options, args)
  File "C:\Users\fanboy\be\libbe\command\base.py", line 535, in run