It's round and it has eyes. That's the only resemblance I can see. I would not say that the ninja idea will be shot down. At least, I think it's the best one so far, but we'll see what happens of course. Azureus' frog should be removed though. I don't like the idea of a good logo with this effect, since it will make µTorrent an enemy of Azureus and not an alternate. (Green vs. Blue(?)). I'm still waiting to see some new versions of all logos submitted here, since I find it very hard to decide on a good one when they're all green. Not even the current µTorrent homepage has that green color. My ideas would be the pygmy in a humanoid shape and the ninjacat in a darkgrey color with µTorrent-green (somewhere around 174,219,158 RGB I think) belt and eyes and light-grey eye...shadows(?).