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ZipTorrent 126.96.36.199 is the first stable release that includes a working BitTorrent implementation, a decent user interface, and a preferences dialog. Here's a breakdown of what this version does:
Search facility kindly provided by an XML Search API from the guys at Yassu.com
Files download to an "Incomplete" folder. Once done they are moved to a "Finished" folder.
Downloads are fast! And ZipTorrent seems to take very little memory.