Sorry, the code shown in the two Python interpreter sessions above, is not a good example. To make the concept of conditional expressions more clear, this example is better:

  >>> from __future__ import print_function
  >>> for i in range(3, 5):
  ...     print(i, "is", "odd" if i % 2 == 1 else "even")
  ...
  3 is odd
  4 is even

which can be shortened to this:

  >>> for i in range(3, 5):
  ...     print(i, "is", "odd" if i % 2 else "even")
  ...
  3 is odd
  4 is even

Now print() is printing 3 values: i, "is", and either "odd" or "even" based on the boolean condition.

That works in both Python 2 and 3.