An updated version of MPlayer
has been released (1/14/2010), which has support for Win32 codecs,
UniAud, DIVE, SNAP video overlays, and WarpOverlay. There is a browser
plugin included, as well as MEncoder, a simple movie encoder. Most
MPEG/VOB, AVI, Ogg/OGM, VIVO, ASF/WMA/WMV, QT/MOV/MP4, RealMedia,
Matroska, NUT, NuppelVideo, FLI, YUV4MPEG, and more are supported.
Source: OS/2 Warp News and Rumors.