Nullsoft Winamp is a fast, flexible, high-fidelity media player for Windows. Winamp supports playback of many audio (MP3, OGG, AAC, WAV, MOD, XM, S3M, IT, MIDI, etc) and video types (AVI,ASF,MPEG,NSV), custom appearances called skins (supporting both classic Winamp 1.x/2.x skins and Winamp 3 freeform skins), audio visualization and audio effect plug-ins (including two industry dominating visualization plug-ins), an advanced media library, Internet radio and TV support, CD ripping, and CD burning.
Note: This is a beta release of the next-generation Winamp and it may contain bugs. Use at your own risk. IMHO, the Winamp betas and RC's have been very stable.
Changes in Current Version:
Download: Download Winamp 5.0 RC 8 Full
Download: Download Winamp 5.0 RC8 Lite
News source: BetaNews