KO Myung-Hun released VLC 2.1.0 for OS/2 and eComStation.
"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."
Available for download at Hobbes.
If you would like to support KO Myung-Hun you can make a donation at his website.