It's basically a console version of the uTorrent webUI. For the 3 people that don't know, uTorrent is one of the best (but closed source) bit torrent clients out there, and was recently bought by BitTorrent Inc (Bram Cohen's company which produces the "official" bit torrent client). It's Windows only right now, but there is an OSX private beta going on. Also they seem to be doing their best to support wine (which is kind of like linux support... almost).
This program has been tested with python2.4 on both linux and OSX (in theory it should work on any system that has python2.4+ installed). I've packaged up a beta, but (as always) the svn repository is more up to date
cuTorrent is licensed under the APL 2.0.
Special thanks to Rob Crowther for his python library for accessing the uTorrent webUI which is the basis for this program.