VLC is an open source, cross-platform media layer for Windows, OS X, and Linux. It's been around for years, and it's earned a reputation as a media workhorse that can handle pretty much any video codec you can throw at it. So it's hard to believe that it's just today that VLC finally hit version 1.0.
VLC 1.0 includes a number of new features including new HD video codecs, finer speed controls, instant pausing, frame-by-frame playback, and a ton of bug fixes and minor GUI enhancements.
You can read the complete list of updates in the changelog.
