The newest Alpha build of BitTorrent has added the option to easily drag-and-drop downloaded files from your desktop to your iOS or Android device. Unfortunately, for now you still have to make sure you find mobile compatible files before you transfer files. So, for now you'll still have to rely on apps like OPlayer or Movie Player on iOS to play various video codecs, or RockPlayer on Android. However, the BitTorrent crew is planning to add file conversion to a future paid version of uTorrent.
Of course, we'd like to remind our readers that we can't support the use of BitTorrent for anything illegal, but if/when you do find yourself using the protocol to get something, uTorrent seems to be a nice option, especially with the uTorrent Remote app available for Android.