Buddy,
I too use uTORRENT and NOD32, but this combo doesn't giv me any error..
1.) Well,did u d/laod the newer version of uTORRENT 1.7.7 that it, recently ?? coz the 1.6 version is the most stable
2.) Did u install nod32 and/or uTorrent together (i knw its no relevence to this) but still.. may be
Afaik, the 1.7.7 version is causing a problem,
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Offtopic: I too hv a demonoid account

(replied after reading ur siggy.. ) but will my Demonoid account expire if i do not use it (for down adn uplaoding purpose) coz i hv got the account jus 2 days back (thru an invite) and still im jus surfing the Demonoid site and forums.. Although, I am a regular d/laoder and uplaoder thru uTORRENT since past 4 months..
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Cheers n e-peace....