Unofficial VLC Beta app plays all video formats, available for select devices

Any video enthusiast should know about VLC Player. It is one of the most popular video players for PC, due to its support for an abundant variety of video formats. The Android VLC app is currently in the works, but if you want to enjoy it sooner, XDA Developers has an unofficial version for you. [...]

Source: http://phandroid.com/2012/03/03/unofficial-vlc-beta-app-plays-all-video-formats-available-for-select-devices/

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