Play VLC stream with iPhone

[MGully88]

I am looking for an app that will play the output stream. I currently use XBMC to output the audio only stream through a .strm file that and I would like to do the same thing on my iphone when I am connected to on my local WiFi network. Basically I need an app that will play the source through: "http://192.168.1.124:8080". Does such app exist?

My current setup is that I have a bat file that launches the following stream:
"C:\Program Files\VideoLAN\VLC\vlc.exe" dshow:// :dshow-vdev="none" :dshow-adev="Realtek AC97 Audio" :dshow-size="" :sout=#transcode{acodec=mp3,ab=256,channels=2}:duplicate{dst=std{access=http,mux=ts,dst=192.168.1.124:8080}} --volume 128

Any assistance in this is greatly appreciated.