A problem with piping curl output through "python -mjson.tool" is that you can't include the response headers, which is sometimes useful.
(This was enough of a problem for me that I wrote a simple curl replacement in Python so I could have pretty-printed JSON or XML and response headers, or send the response directly to a Python REPL console as an object: https://github.com/cobralibre/hotpotato )
httpie is a nice replacement for curl which, among other things, has built-in formatting so you can get pretty JSON / XML responses without giving up your ability to do things like displaying response headers: