VLC Media Player v2.1
Play audio and video files in an open source multimedia player on your iPhone.
VLC Media Player Screenshots
VLC Media Player Editor's review
As you probably know, the iPhone and iPod Touch make terrific video players--but they're limited in terms of the video formats they support. If you've got, say, Divx or MKV files you want to watch, you're out of luck unless you run them through a converter first--a time-consuming hassle, to say the least. If you're lucky enough to own an iPad, the VLC Media Player app enables you to work around this limitation by playing virtually all video formats, no conversion required. Even better news: it's now available for iPhone and iPod Touch as well. (Specifically, it's compatible with the iPhone 4, iPhone 3GS, and "recent" iPod Touches--which appears to mean third- and fourth-gen models.)
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