VLC media player is a multitude audio and video formats supported media player. Its 0.8.2 version had a huge popularity and after the two years of development process VideoLAN team at last launched VLC media player 0.9.2 publically. This new version receive overhaul GUI with improved codec support which lets you play more supported formats and various bug fixes.
Along with Google Video and Dailymotion support now you can also watch YouTube videos just simply by adding URL. Also check it out demo video of VLC media player.
This new version of VLC media player looks quite minimalist yet functional and available for various OS platforms including Windows, MacOS X, Linux, Ubuntu etc.