I agree that it runs smoothly, small, and quick. I just follow the directions on my client's site (µTorrent) to enable IP filtering. I can't speak to how frequently it is or has been updated but obviously that is a crucial point. I've used it for 2 years now without a call from my ISP. ;-)
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I created an account just to write this review.
Program appears to work as of 07/08/13 *EXCEPT*:
1) It creates no icons on the desktop when it stated it would.
2) There is no installed program listed in the Start|All Programs menu. I assume that's where the screenshot came from.
Program does update the ipfilter.dat file into the correct utorrent directory but you can't check the last file date, etc.
Running WinXP SP3.