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Hi
I'm a bit of a newbie so not sure if i can help totally but here goes.
I believe that although olap is packaged for 5.0.6, it wont run. it will only run on truck with a particular branch.
You will also need python-alchemy to install olap.
Basically, even if you can get this installed, you will find the web browser part doesnt run anyway on the standard setup.
try this method
http://www.openerp.com/forum/topic15328.html?sid=6c9ab779c12943158574e1949be7e8c3
with sqlalchemy, if you use ubuntu, sudo apt-get instal python-sqlalchemy.
regards