In my new mezzanine site I want to remove some models from the admin menu. So I defined ADMIN_MENU_ORDER with the models I want to see in the admin menu. This results in the other models, that are not in the list (BlogPost, ThreadedComment, Site, Redirect), being listed below my desired models.
So I used this to remove them:
ADMIN_REMOVAL = ('blog.BlogPost',
                 'generic.ThreadedComment',
                 'sites.Site',
                 'redirects.Redirect',)
(I simply cut and pasted from the default ADMIN_MENU_ORDER.)
But this had no effect because of an ImportError in mezzanine.urls (line 19-31):
# Remove unwanted models from the admin that are installed by default with
# third-party apps.
for model in settings.ADMIN_REMOVAL:
    try:
        model = tuple(model.rsplit(".", 1))
        exec("from %s import %s" % model)
    except ImportError:
        pass
    else:
        try:
            admin.site.unregister(eval(model[1]))
        except NotRegistered:
            pass
So I changed ADMIN_REMOVAL like this:
ADMIN_REMOVAL = ('blog.models.BlogPost',
                 'generic.models.ThreadedComment',
                 'django.contrib.sites.models.Site',
                 'django.contrib.redirects.models.Redirect',)
But this still has no effect although there is no ImportError or NotRegistered in this code lines.
There seems to be something, that I still have not understood.
Update: I did some debugging. The line
            admin.site.unregister(eval(model[1]))
from mezzanine/urls.py (cited above) actually calls mezzanine.boot.lazy_admin.unregister, which looks like this:
def unregister(self, *args, **kwargs):
    self._deferred.append(("unregister", args, kwargs))
It looks like after the boot process mezzanine.boot.lazy_admin.lazy_registration should be called, to apply all the deferred registering and unregistering:
def lazy_registration(self):
    for name, deferred_args, deferred_kwargs in self._deferred:
        getattr(AdminSite, name)(self, *deferred_args, **deferred_kwargs)
But actually mezzanine.boot.lazy_admin.lazy_registration is called before the code in mezzanine/urls.py, that tries to unregister the models from ADMIN_REMOVAL. 
(I added print statements like this and got the following output:)
mezzanine/urls.py
for model in settings.ADMIN_REMOVAL:
    [...]
        try:
            print 'unregistering', model[1]
            admin.site.unregister(eval(model[1]))
        except NotRegistered:
            pass
mezzanine/boot/lazy_admin.py
def lazy_registration(self):
    print 'lazy_registration occurs'
    for name, deferred_args, deferred_kwargs in self._deferred:
        getattr(AdminSite, name)(self, *deferred_args, **deferred_kwargs)
Output
lazy_registration occurs
unregistering BlogPost
unregistering ThreadedComment
unregistering Site
unregistering Redirect
I will post this as an issue on Github