The VideoLan team has announced the latest version of 1.0.0 of their media player VLC Media Player. The major release introduces bulky new few features, formats and codecs to VLC and major bugs are fixed.
The list of all the changes and additions that the developers have packed into the new release of the VLC Player including live recording, finer speed controls, new HD codecs (AES3, Dolby Digital Plus, Real video 3.0 and 4.0), formats, video scaling in full screen or zipped file playback. VLC Media Player can still play most video and audio formats out of the box without needing third party codec installations to do so.
VLC Player release is available for all supported operating systems including Microsoft Windows, Apple Mac OSX and Linux.

Here is the list of other major features in newer version:
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