ViPlay is a freeware movie player designed to play the most popular movie types using overlaying technology for a faster and more efficient way of video playback. Features like high performance and visual quality, stability, speed, easy interface with context menu, fully skinnable, support for 32 subtitle formats, Ini files creation, multiple audio streams, custom graph building, aspect ratio, digital zoom, OSD, playlist, etc. make it the definitive movie player available on the Internet.
Features:
· Support for Windows 9x/ME/NT/2000/XP
· High performance and visual quality
· Easy interface with context menu
· Standard playback functions like play, pause, stop, seek, volume, balance, repeat, shuffle and others controls
· Playback Rate
· Time/Frames and Elapsed/Remaining display mode
· Window, Fullscreen and Desktop mode playing
· Aspect Ratio (customizable)
· Color Controls (Brightness, Contrast, Hue, Saturation, ...) ( read more for the rest of the features)
Download: Download ~ 760 kb
News source: Softpedia.com
Features:
· Support for Windows 9x/ME/NT/2000/XP
· High performance and visual quality
· Easy interface with context menu
· Standard playback functions like play, pause, stop, seek, volume, balance, repeat, shuffle and others controls
· Playback Rate
· Time/Frames and Elapsed/Remaining display mode
· Window, Fullscreen and Desktop mode playing
· Aspect Ratio (customizable)
· Color Controls (Brightness, Contrast, Hue, Saturation, ...) ( read more for the rest of the features)
· Movie information
· Digital Zoom
· On Screen Display
· Open directory
· Bookmarks
· Movie Profiles
· Auto-Resume
· Playlist Editor
· Enhanced Subtitles engine supporting 59 formats
· Multiple Subtitles files support
Subtitle tags
· Subtitle delay
· Snapshots
· Multiple audio streams support (internal and external)
· DeDynamic Support
· Drag And Drop Support
· Language file Support
· Enhanced Skin support
· Audio CD support
· VideoCD Support
· Super VideoCD Support
· DVD Support
· WinLIRC Support
· Video Mixing Renderer 9 Support
· Video Mixing Renderer 7 Support
· Incomplete AVI file playback Support
· Custom graph building
· INI files Support (movies in one or multiple CDs)
· Command line Support
· Freeware!

I'm keeping this as my default video player. Still keeping Winamp though for MP3's,
Works better than bs player
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