PM123 version 1.40 alpha 3 has been released. Also available (6/2/2008) is
PM123
version 1.32. This is an open source MP3, OGG, WAV, and CD Audio
player. Some of the features include sharing of the sound card,
playlist with drag/drop support, HTTP streaming, and the use of skins
to change the program's look.
Source: OS/2 Warp News and Rumors