Requirements: Android 2.1+
Overview: VLC Player is a simple, powerful, and fast media player which can play almost any kind of video and music file.
This is an experimental alpha build. Please report any issues you have encountered in the comments.
Some of the supported video formats are:
avi, mp4, mpeg, 3gp, gif, flv, mpg, mpeg, ogg, windows media (wmv), swf, ogg, quicktime (mov), matroska (mkv)
High definition (HD) video is supported. Subtitles are also supported
Some of the supported audio formats are:
mp3, wav flac real audio
This is an open source project, based on ffmpeg. Source code for the alpha build is licensed under GPL and can be downloaded here:http://www.4shared.com/get/0i9NzjFd/vlc_player.html