I have installed PyDev successfully, I have python 3.4.0 installed successfully and the folder containing python.exe is in my path and I can run it from the command line.
However, when I go to window\preferences\pydev\interpreters\python interpreter and select 'quick auto-config' to configure it using normal python I get an error saying 'auto configurator could not find a valid interpreter... Note the system environment variables used for Jython are PATH and PYTHONHOME.'
Unless this is a bug in the text I am not selecting Jython (I get a different error if I select IronPython, btw, so this is not a generic error message).
The trace is as follows:
Errors getting info on discovered interpreter(s). See error log for details.
java.lang.RuntimeException: java.io.IOException: Cannot run program "python": CreateProcess error=2, The system cannot find the file specified
As I say, python.exe is in my path.