From what I see, it seems like a great idea / program. The program itself runs smooth, also has a nice and nub friendly interface. Nothing too harsh for anyone to learn and has its advantage with the privacy. Im liking this program more and more now that I think of it.
Nice and negative just how I like it. Regardless, this applications source can be grabbed according to http://alliancep2p.com/dev/gettingstarted.shtml . So if there would be anything fishy about this java based app, people in scene or whom find this project interesting would be able to glance at the source or re-compile their own. At least this is what I imagine can be done.
[Havent gone through the complete repository, but I was able to get to the source's.]
I still like the program and aim to use it in the future.
But I do not discredit the fact that it could be used as such. [Even if that would be entrapment.]