From VideoLAN Project: VLC is a free and open source cross-platform multimedia player and framework that plays most multimedia files as well as DVD, Audio CD, VCD, and various streaming protocols. Features includes simple, fast and powerful media player, plays everything: Files, Discs, Webcams, Devices and Streams, and plays most codecs with no codec packs needed: MPEG-2, DivX, H.264, MKV, WebM, WMV, and MP3.
What’s new in this version:
Fix crash in G.711 wav files
Fix mp3 crash in libmad
Fix out-of-bound write in adpcm QT IMA codec
Fix overlay creation on Windows XP for DirectDraw video output
Improve compilation support for GNU/HURD
Minor UI improvements for the Qt interface on Windows, Linux, BSD