We just released a new beta for WatchFTP v3.1.1 with the following enhancements:

When monitoring an SFTP site the speed has been improved. Previously, for each detected file, 2 redundant calls were made to the server. Those have been removed.
The WatchFTP Control Center now shows what each task is doing (task status) next to the download counts. This status can be "Sleeping", "Scanning", "Downloading" or "Stopped".

You can install this beta "on top" of your current version so it will keep your settings and tasks.

32-Bit downloads:
Download links removed, we released this as WatchFTP v3.2

64-Bit downloads:
Note: If you are currently running the 32-Bit version make sure to read this page: http://www.watchftp.com/wf3264.html

Download links removed, we released this as WatchFTP v3.2