^ this was available from last year itself from utorrent version 1.7 i think.
see this:
[uTP] besides IP address in utorrent peer list ??
edit: i have used this uTP protocol continuously for more than a month. main problem is if the other peer has not enabled the uTP protocol your torrent program will seed or leech in TCP-IP only.
Also no effect on upload speeds. infact most times the upload speed surpases the set speed by 3-5 kb.