Version 2.0 is hot off the press. (Actually it was released yesterday). I haven't upgraded this program in a while - I've been using 1.1.7?? for atleast a year or so and I just happened to check VideoLAN's website today to see what version they were now offering. I've got it installed and so far it's OK. Nothing really to get excited about in terms of performance. Memory usage is a bit higher than the previous version I was using by about 20 MB. For systems with ample RAM, this should not be of concern.
There's a tons of new features added in v2.0 - most of which I probably will never use. Video playback seems to be also on par with the previous version I was using. I may as well just go back to the version I had before upgrading.
I should also point out that the ability to 'click & drag' a video file onto the main interface has been removed.

There could be a setting to re-enable that - but honestly I could care less about searching for it at this point. I'm just not impressed enough to keep 2.0 around for very long. I will 'test' drive it for another week or so - afterwards I'll re-evaluate my decision to ditch it.
You can download the latest version
here.
Edited by Tushman, 20 February 2012 - 08:34 PM.