-It is a free cross-platform media player
-It supports a large number of multimedia formats, without the need for additional codecs
-It can also be used as a streaming server, with extended features (video on demand, on the fly transcoding, ...)

 

Changes:

Security updates:
* Updated libfreetype on Windows and Mac OS X (CVE-2008-1806, CVE-2008-1806,
CVE-2008-1807)
* TTA Parser improvements (CVE-2008-3732)
* MMS Access Module improvements (CVE-2008-3794 )

Playlist:
* Vastly improved playlist support:
* Media library creation to save all your playlist items
* "Live search"
* Shoutcast TV listings
* Audioscrobbler/Last.FM support
* Album art support
* User definable Lua playlist scripts. See share/lua/playlist/README.txt
(Default scripts open YouTube, DailyMotion, metacafe, Google Video and
lots of other URLs)
* User definable Lua album art fetcher scripts. See share/lua/meta/README.txt

Inputs:
* Video for Linux 2 (V4L2) input support
* UDP-Lite transport for RTP/AVP
* DCCP transport for RTP/AVP
* p*r*o*x*y support for MMSH stream
* JACK audio input support
* Input run time option (improved live stream recording)
* BDA devices access module for DVB-C/S/T capture cards on Microsoft Windows
* Re-written Screen access module for Mac OS X
using OpenGL instead of QuickDraw
* Screen module now supports partial screen capture and mouse following on X11.
* Experimental EyeTV access module
This requires the user to install a plugin to EyeTV.app
(available as a separate download).
* Simple RTP input (with MPEG A/V, G.711 and PCM support).
* RTMP input support
* QTKit-based Input module for Mac OS X allowing display and streaming of video
taken from all iSight-labelled video cameras (no audio support)
* HTTP access now supports gzip compressed data and Digest Access
Authentication.
* New options to reduce latency between arrival of raw data and display of
frames. (--auto-adjust-pts-delay and --use-stream-immediate)