Kantaris is an all new media player based on code from Videolan client (VLC) and Bass audio library. Kantaris has a graphical user interface similar to that of Windows Media Player.
Kantaris can play almost anything you can throw at it -- AVI, MPEG, MGEG-AVC, WMV, MOV, MKV, quicktime, matroska, divx, xvid, H264, MP3, WMA, OGG files and more. Kantaris can also play DVD's and audio cd's.
Version 0.1.9 has better support for subtitles and also some other minor bugs have been fixed.
Product page: here