PM123 version 1.32 beta 1 has been released (7/6/2006);
http://glass.os2.spb.ru/software/english/pm123.html

also available (9/24/2003) is version 1.21.
http://www.step.polymtl.ca/~guardia/pm123.php

PM123 is an MP3, WAV, and CD Audio player, which is now open source. Some of the features include sharing of the sound card, playlist with drag/drop support, HTTP streaming, and the use of skins
http://sektori.com/pm123/skins.php
(including some cool WinAmp skins) to change the program's look.

Thanks to Wolfgang Foerster for the info.

Source: OS/2 Warp News and Rumors

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