Speed of play control is already built into VLC. But it increments at 10% That is too big a step for some purposes like Karaoke or to practice musical instruments with VLC. It would be nice if a floating toolbar can pop up and have a slider with buttons to allow increments of 1% speed adjustments.
Then, I can uninstall my winamp. This is the last reason I still have winamp on my computer, I use VLC for everything else!