If they nerf the Python too much, I'll quit this game. I didn't grind hours and hours of trading to get a good, nice ship and then have it nerfed because some Cobra pilot died to it and went crying on the forums. Nerfing everything that the pvp community cries about is a sure way to kill this game.
130mil to get a decently fitted Python for combat, it absolutely should smoke Cobras and Vipers like nothing.
Python is pretty much an "I win" button now. And is too unbalanced. It can deal almost without any skill both against lesser ships due to its manoeuvrability and it can easily tank any larger ship as it has the toughest shields. Reduce both and the game becomes only more interesting as you will need to think of how to apply the right tactics to deal with different enemies.