I've noticed a rendering issue with a handful of files with SSA/ASS (embedded) subtitles.
Subtitle lines with special characters in (e.g. ♥ ) render perfectly up to and including said character, but the remainder of the line loses any custom formatting it otherwise had.
Example in VLC 2.0.7 win32 on Windows 8: Link
Same frame correctly rendered in MPC-HC: Link
Here's a copy of the video file I first found the problem in: Link (The relevant section is between 21 and 25 seconds)
Edit: There's another example in the same file at 1m28 with a left-arrow (←)
I couldn't find any settings that seemed relevant to this to fiddle with, and I still get the error even if I perform a full reset of the preferences. It's also present with or without HW Accelerate enabled, though admittedly this particular file is Hi10P. I checked the debug output and there didn't seem to be anything acknowledging that the formatting had broken, just identical benign messages about creating textures for the subtitles.
I'm currently running Windows 8 x64, with up-to-date chipset and graphics drivers, using the 32-bit build of VLC 2.0.7
Edit: This also happens with the experimental 64-bit build.
If anyone is able to confirm this I'd be very interested, and will submit a proper bug report - I'd rather check in the forums first, though. I don't have access to my Linux box at the moment - I wasn't comfortable posting this in the 'General' section without testing that myself. If someone else does confirm this on Linux/Mac, feel free to move the thread. Also, let me know if there's more information needed.