After struggling with this for 30 minutes, this is what finally got it working.
get this file: http://www.dannywynne.com/blog/wp-content/uploads/2012/10/pyqt4.zip
Open Sublime Text editor and go to the preferences->Browse Package and select the SublimeCodeIntel folder.
Paste the unzipped pyqt4.cix file in to the libs/CodeIntel2/catalogs folder
Open ~/.codeintel/config in sublime and paste in the following: