Don´t you hate all the different video and audio formats, all those codes and tools you need to play them all ? The VLC media player is able to play many formats including (MPEG-1, MPEG-2, MPEG-4, DivX) as well as DVD, (S)VCD and various streaming types. The player is available for various systems including windows, macintosh and linux. It can also act as a server and send streams through the network, with optional support for audio and video.
Remarkable is the ability to play broken and incomplete video files which means that users of e.g. emule are able to preview a video without downloading the complete file. The website offers a great howto which helps you understand the players functions. Oh, and it is open source, source code is available on the website.
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