Grab it here - http://www.videolan.org/
What's new?
Ready for HD
* GPU decoding on Windows Vista and 7, using DxVA2 for H.264, VC-1 and MPEG-2
* GPU decoding on GNU/Linux, using VAAPI for H.264, VC-1 and MPEG-2
* DSP decoding using OpenMax IL, for compatible embedded devices
* Improved support for MKV HD, including seeking fixes, and 7.1 channels codecs
* Support for new codecs, like Blu-Ray subtitles, MPEG-4 lossless and VP8
NB: so far, on Windows, VideoLAN is quite sad to be forced to recommend nVidia® GPU, until ATI® fixes their drivers on Windows, and until VLC developer get access to some Intel® hardware supporting GPU decoding.
Extensions
New add-ons and script framework so one can personalize its vlc.
* Written in lua
* 2 main types of scripts:
o content add-ons, integrated in the playlist
o functionnalities extensions, like metadata searching on the web, or subtitles look-ups
* Very Simple
Web improvements
* Support for WebM decoding and encoding
* Improved web plugins
* Better streaming capabilities