Nothing is a bad idea per se, but you must remember few things:
- Modules are objects in Python. They are loaded only once and added to
sys.modules. These objects can also be added attributes like regular objects (with no messy implementation of setattr).
Since they are objects, but not instantiable ones, you must consider them as singletons (they are singletons, after all), and you must consider the disadvantages and benefits of such model:
a. Singletons are only one object. Are you sure that accessing their attributes is concurrency-safe?
b. Modules are global objects. Are you sure you can track the whole behavior and access to their members? Are you sure you will be able to debug errors there?
Is the code something you will work with others?
While no idea is better than other, good practices tell us that using global variables is not well-seen, specially if we have a team to work with. On the other hand: if your code is concurrent and/or reentrant, avoid using global variables or relying on module attributes. OTOH you will have no problem assigning attributes like that. They will last for the life of your script execution.
This is not the place to chose the best alternative. Depending on how you state your problem, you can ask it either on programmers or codereview. You can chose many variants to share state without using global variables in modules, like passing those variables inside a state back and forth across arguments, or learning and using OOP. But, again, this site is no scope for that.
os.foo = 12345- messing with other modules' attributes like that is a really bad idea.