Koala Player XP is windows application developed to offer you fast and high quality playback of movie files with subtitles.Its not based on Windows Media Player technology,but on DirectShow core,that results in highly improved subtitle engine.It has well done avi fix module. If you have corrupted avi file you are able to repair it. Besides this module checks and removes all freezed video frames. The percentage efficacy of the process is going up to 100%.
Main features of newest great player:
- new subtitle intelligence engine;
- preferences window (CTRL+P);
- network searching for newest versions;
- auto-hide video window for audio files option;
- minimize to tray option;
- optional redirection AC3 stream to WaveOut output;
- optional file assignments;
- support for "Morgan Stream Switcher" filter;
- optional connecting to WinLIRC;
- optional configuration of subtitle intelligence engine;
- selection of subtitle type (transparent or flat - min. CPU);
- selection subtitle font border (none, normal, thick).
More info:
hxxp://www.koala.pl/Index2.php?page=KoalaPlayer&lang=en#OF26

Hey not only the player seem good but there are several other things there that seem great. Media player better watch out as competition is just starting