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Then today I discovered this:
http://sourceforge.net/projects/xslt2processor/ [sourceforge.net]
And I notice that they've been publishing releases since last autumn, and have already released up to version 5. Why I didn't find it then is anyone's guess - maybe I was searching with the wrong keywords.
XML_XSLT2Processor v0.5.0 released! 2008-03-05
XML_XSLT2Processor v0.4.0 released! 2007-10-08
XML_XSLT2Processor v0.3.0 released! 2007-07-03
has anyone here tried it? Please review + report