VLC is a free and open source cross-platform multimedia player and framework that plays most multimedia files as well as DVD, Audio CD, VCD, and various streaming protocols. Now on Android!
Compiled on Fedora 14, on 09/05/2011 at 16:00 GMT from Videolan's git repo and uploaded to Android market as a package to save everybody compiling it.
If you are paranoid, compile it yourself or wait for Videolan to release their builds under their own market account (if they plan on doing so).
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