To "compile" documentation into html form you would need to install Sphinx documentation package, which should be relatively trivial.
If you're on OSX platform:
If you have macports, then
sudo port install py27-sphinx sudo port selectsphinx py27-sphinx
Install from source: http://sphinx-doc.org/install.html
Install from .pkg binary package: http://named-data.net/binaries/sphinx-doc-0.2.pkg
If you're on Ubuntu Linux:
sudo apt-get install python-sphinx
Just type
make html
And a set of HTML pages will be build under _build/html
You can also type
make latexpdf
This way Sphinx will prepare .tex file and will try to build .pdf document.