Just thought I might give you a shout for a prolly the best player there is now.

http://www.gomplayer.com

Reads x.264, DivX, MPEG4, MP3, wmp formats
Also DVD's
Uses its own audio/video decoders
Easy to 'play' with Subtitles, can change many things about them, also edit them
Video Controls (aspect ratio, video effect, brightness & contrast)
Audio Controls (equalizer i normalizer, AC3, sound effect)
Supports Winamp DSP plug-ins (not just for MP3, but also can be used for movies)
It's 'light' on hardware
Skins

Plus many many more...

It's prolly up there with VLC player in what it can do, but much better UI takes it to the top for me. Get it, you wont be sorry. :-)

P.S. Also, if any of you has some nice programs to recommend, please do.