This audio player can play lossless files (FLAC/APE/MPC/WV), or any files directly supported in Android. Now supports Apple lossless files (in M4A container) as well. CUE sheets and playlists are also supported.
WARNING: please don't bother installing this app unless your device is: 1) rooted 2) manufactured by HTC (NOT by Samsung, LG, etc.) 3) based on msm7k rather than on Snapdragon chipset (so it WON'T work on any Desire, N1, Evo 4G, etc.) Supports call recording directly from the phone...