[indagroove]

GSPlayer is pretty sweet and free

http://hp.vector.co.jp/authors/VA032810/

Features
- MP3 playback using the MAD 0.15.1b
- Ogg Vorbis playback
- Wave format playback
- HTTP streaming playback (MP3 / Ogg Vorbis)
- SHOUTcast streaming playback (MP3 / Ogg Vorbis)
- ID3 v1/v1.1 support
- PLS/M3U playlist support
- 10 bands equalizer (MP3 playback only)
- Surround / Bassboost effects
- Reverb / Echo effects
- Skin support
- Hardware button mapping
- Noiseless playback (See decoder tab in options dialog)
- Sleep Timer
- Hold (Lock hardware buttons)
- PocketPC / SmartPhone (WM5/WM6) support