VLC Media Player is one of the first options when it comes to picking your favorite multimedia player. It is, by definition, an application that supports virtually all formats, regardless of their audio or video nature. 
The Portable version sports the exact same functionality as the standalone edition; we dare say it is even more advantageous than the latter, since you can carry it around on a removable drive and it doesn't affect the computer's registry. 
VLC's interface perfectly matches the idea behind this product: a simple GUI wrapped around a very powerful application. Although the GUI is not that special, the application still makes an excellent choice for those who just want to open multimedia files without wasting their time.
For those of you who desire a fancier interface, VLC Media Player provides skin support and a various selection available on the developers’ website. Aside from possibilities to adjust the player's appearance, VLC also features tons of options meant to allow you to configure its functionality.
The program also displays a wide variety of information regarding the currently opened files. The available plugins further enhance the experience of using an already comprehensive application. VLC media player packs conversion and streaming capabilities alongside video and audio capture. It also supports HTTP, RTP, MMS and RTSP stream playback.
You can further enhance your video and audio streams by accessing the available Adjustments and Effects panel. The selection will provide users with a 12-band audio equalizer and presets as well as a Spatializer for better acoustics according to your room dimensions.
On the video side, the selection of effects goes beyond basic - you can choose between crop, color fun, image modification, AtmoLight, logo or more advanced filter controls. In addition , you will be given the ability to perform synchronizations of audio / subtitles and video streams.
All in all, VLC is one of the best multimedia players you can get. It comes with a configurable interface, excellent functionality, ease of use and it supports any audio / video format. This one is definitely a keeper.

What's New in This Release:
Access:
· Fix DVB-S delivery system detection
Audio Output:
· Fix playback initial synchronization with PulseAudio (however similar bugs in PulseAudio version 2.0 and later still exist)
· Fix file output bug affecting floating point on big endian systems
Demuxers:
· Fix crash with some embedded subtitle fonts
· Fix buffer overflow in HTML subtitles parser
· Fix koreus lua parser
· Improve reliability for RTSP streams sent by some IP cameras
· Fix division by 0 in AIFF demuxer
· Fix some MKV crashes when ordered editions have empty or broken links
· Fix SWF potential crash on malformed files.
Video filters:
· Fix crash in Freetype with embedded fonts
· Fix wrong aspect ratio in some cases
Encoders:
· Fix Mpeg-2 audio and video encoders initialization
Win32:
· Fix https streaming
libVLC:
Fix audio and video track selection:
· The constant track identifier is now always used. Some functions previously incorrectly used the (moving) index of the track in the table of tracks.
Translations:
· Update of Asturian, Be...