I am attempting to create a point shapefile from a text file. The text file is space delimited with three columns; latitude, longitude, and snowfall. I have done this before in ArcGIS 9.x. However in Arc 10 I am having problems. The script below produces a shapefile with the proper attributes and number of rows, but the geometry is messed up. All points are located at 0, 0 lat/lon. I have tried multiple variations but keep coming up with the same problem. I have SP2 installed. Any suggestions are appreciated.