Centos 6.2 and Deluge 1.3.4

The following instructions might not be fined grained but they get the job done :). I executed everything as root :)

First of all you will need to get the source from deluge
http://dev.deluge-torrent.org/wiki/Download#Source

I got the tar.gz version 1.3.4

Then you will need the following key components. These are libraries/tools you need for compiling libtorrent
yum groupinstall "Development tools"
yum install boost-* python-setuptools m2crypto pyOpenSSL openssl openssl-devel python-devel

Then untar the package you've download
tar -xzvf deluge-1.3.4.tar.gz
cd deluge-1.3.4

Build and install the package (time to get some coffee)
python setup.py build
python setup.py install

Lastly you will need to install some extra python packages (eggs). Otherwise you will see import errors
easy_install chardet
easy_install twisted

You can now start deluge by running
deluge