: 
VLC (initially VideoLAN Client) is a highly portable multi-platform multimedia player for various audio and Video formats (MPEG-1, MPEG-2, MPEG-4, DivX, mp3, Ogg, OGM, MOV, wma, wmv...) as well as DVDs, VCDs, and various streaming protocols. The VideoLAN project targets multimedia streaming of MPEG-1, MPEG-2, MPEG-4 and DivX files, DVDs, digital satellite channels, digital terrestial television channels and live videos on a high-bandwidth IPv4 or IPv6 network in unicast or multicast under many OSes.
VideoLAN also features a cross-platform multimedia player, VLC, which can be used to read the stream from the network or display video read locally on the computer under all GNU/Linux flavours, all BSD flavours, Windows, Mac OS X, BeOS, Solaris, QNX...
Rewrite of the playlist (tree structure, input preparsing ...)
Preferences improvements
XML parsers
Client-side SSL/TLS support
Massive Matroska improvements
Support for SOCKS proxy
Support for Shoutcast Meta-data
Support for (HE-)AAC raw-audio streams
TiVo demuxer
Samba (Windows shares) access module
Dirac decoder and encoder
PNG decoder/encoder
Support for Apple Lossless Audio Codec
Services discovery modules (brand new SAP module, HAL discovery, DAAP (iTunes shares), shoutcast)
Support for 20/24 bits LPCM
Video snapshot support (png or jpg)
Image file video output (png)
Mosaic (picture-in-picture system)
Pocket PC port
Brand new Internet Explorer ActiveX plugin
Changes in VLC (VideoLAN Client):
Demuxers
* Fix wmv/asf issues that caused audio to drop
* Various fixes for ac3, mp3, dts and stability for wav format
* Fix seek in RTSP in conformity to RFC 2326
* Fix Dailymotion access script
* Fix crashes in xspf files handler
* Fix seeking and timing issues in some flv files on Windows version
Access
* Add extra caching for files on network shares
* Prevent integer underflow in Real pseudo-RTSP module, discovered by tixxDZ, DZCORE Labs, Algeria
Decoders
* Fix seeking in mpeg2 video files
* Improve SSA subtitles rendering
* Update most codecs for the Windows and Mac version
Muxers
* Fix sound recording of .flv files with mp3 audio
Qt Interface
* Possibility to change the opacity level of the Fullscreen controller
* Fix various crashes and VIDEO_TS folders opening
Mac OS X Interface
* Added options to disable support for Apple Remote and Media Keys
* Fixed options for Volume, Last.fm password and Subtitle Encoding
* Fixed redraw issues when autosizing the video window
* Preferences panel now includes help through tool-tips
* More reliable Information and Messages panels
* Fix various crashes
Windows port
* The ZVBI module is now available for Windows, for complete teletext support
Home page - http://www.videolan.org/
