An updated version of MPlayer has
been released (4/4/2010), 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