Currently pycodestyle will complain about the following:
t-61.py:2:15: E127 continuation line over-indented for visual indent
We are about to change this in Vimjas/vim-python-pep8-indent#61, and there has been some discussion in python/peps#113 - resulting in keeping this out of PEP8 itself (i.e. undefined).
I think pycodestyle should handle this in a relaxed way, and allow for an extra indentation level for dictionary values (after : on the previous line).