But its not a great player, to be a great player, it NEEDS to have these items
1) A button for Single Frame Advance
2) Plugins for After Effects & Premier. (including HKV format)
3) Plugins for the 3d apps XSI,Max,Maya.
3) A true X64 versions for windows including for AE and Premier plugings as well as XSI,Max,Maya
4) A time code option that exists in the UI, and has data entry capabilites (SMPTE?). Not just H:M:S.
5) The speed of the playback again should be like the H:M:S ie you can enter the data, the slider method is just too inaccurate.
6) The whole playback control panel should be floatable not just in full screen, but any size, , rather like powerdvd 7.
7) The playback icons are sorry to say ugly.

9) When i move the time slider, it does not goto where i positioned it rather a bit before. That shouldn't happen.
10) Video snapshots should have the option of going to the clipboard.
11) the way it now display's and fades the title of the file its playing, is downright annoying, please get rid of it. It does not look professional, it looks cheap and pirate like, like divx.
12) Any window should be allow to float ontop of the video, irrespective of the "always on top", think photoshop, that way you can make changes and see the results. The always ontop should be above every other program open, not its own internal windows.
With Quicktime messing everyone around, in terms of not working with X64, and its now seemingly joined at the hip to itunes, and now causing so many other software interrelated problems. There are a lot of people in 3d/VFX/Post production that are screaming for something decent that can replace Apple's troubled quicktime.
I seriously hope you take these comments with all the good intentions in that they are given.
I think if you can do these items, VLC will become the defacto standard.
If these could be done in a month (;0), and a huge press announcement made you'd see it really be the "new standard".
And I'm not Joking. Even Red camera's recently announced that they are now supporting AE & premier, much to the delight of their users. I hope VLC can do the same and more, soonest.
Cheers
K