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.

Changelog:
Security update regarding video width concerning some demuxers
Support for a new Dirac encoder based on libschroedinger
Package of the new VP8/Webm encoder 'Bali'
Notable updates in .mp4, .ogg, .ape demuxers
Major updates in most language translations
Fixes in skins2 supports of Winamp2 skins
Upgrade on the look of VLC for Mac OS X
Auto-detection for .txt subtitles is fixed
Fixes on Windows integration, notably regarding volume keys
Codecs updates
Many miscellaneous fixes

Program Information Category: Multimedia Type: Free Version: 1.1.8 Size: 19.6MB Works on: Windows Product page: here