VideoLAN has released version 1.1.0 of the popular VLC media player. The new release of the cone features GPU-accelerated video decoding support on Windows Vista/7 and Linux and promises up to 40 percent faster decoding of HD movie clips. The changelog also lists support for new codecs like Blu-ray subtitles, MPEG-4 lossless and VP8, along with support for WebM decoding and encoding, several enhancements for a better audio experience, and lots of tweaks to make VLC faster and lighter.
Interestingly, the developers recommend using NVIDIA GPUs on Windows for GPU decoding, because they can't get it to work with ATI's Catalyst drivers:
NB: so far, on Windows for GPU decoding, VideoLAN is recommending nVidia® GPU, until ATI® drivers are working with VLC architecture, and until the VLC developers get access to some Intel® hardware supporting GPU decoding.