VLC 1.0.0 include the following improvements:
* Free, Open Source and cross-platform
* Independant of systems codecs to support most video types
* Live recording
* Instant pausing and Frame-by-Frame support
* Finer speed controls
* New HD codecs (AES3, Dolby Digital Plus, TrueHD, Blu-Ray Linear PCM, Real Video 3.0 and 4.0, …)
* New formats (Raw Dirac, M2TS, …) and major improvements in many formats…
* New Dirac encoder and MP3 fixed-point encoder
* Video scaling in fullscreen
* RTSP Trickplay support
* Zipped file playback
* Customizable toolbars
* Easier encoding GUI in Qt interface
* Better integration in Gtk environments
* MTP devices on linux
* AirTunes streaming
* New skin for the skins2 interface
Get it here http://www.videolan.org/vlc/index2.html