VLC media player
version 2.0.1 has been ported (4/1/2012) to OS/2. This is a highly
portable multimedia player and multimedia framework capable of reading
most audio and video formats (MPEG-2, MPEG-4, H.264, DivX, MPEG-1, MP3,
OGG, AAC) as well as DVDs, Audio CDs, VCDs, and various streaming
protocols.
Source: OS/2 Warp News and Rumors