According to Wikipedia, VLC can do it and has been doing it for years .
http://en.wikipedia.org/wiki/VLC_media_ ... er_plugins
On Windows, Linux, Mac, and some other Unix-like platforms, VLC provides a NPAPI plugin,[20] which enables users to view QuickTime, Windows Media, MP3 and Ogg files embedded in websites without using additional products.
During install of VLC 1.1.8, I made sure the check box for Internet Explorer plugin was checked but anything embedded will not load or play. Confirming a successful Install of the plugin is impossible to do in IE via the Tools menu -> Manage Add-on -> Enable or Disable Add-ons... (see forum.videolan.org/viewtopic.php?f=14&t=66742)Starting with version 0.8.2, VLC also provides an ActiveX plugin, which lets people view QuickTime (MOV), Windows Media, MP3 and Ogg files embedded in websites when using Internet Explorer.
I stopped trying after finding this :
viewtopic.php?f=14&t=58177&p=193943
After digging it seems the VLC plugin is for something totally different http://wiki.videolan.org/Windows#VLC_Pl ... t_Explorer :
Please add to your FAQ http://www.videolan.org/support/faq.html that the VLC Plugin is not the holy grail of plugins as portrayed in Wikipedia.... the VLC ActiveX plugin to be used to view streaming audio and video from a VLC server.
Maybe then, Wikipedians will cite your FAQ and update their misguided article on your otherwise amazing software.