I use Light Allow for half a year and I'm sure it is the best player for me.
Real Player isn't that bad. I use it.
At one time BBC was recommending it (that how I came to learn of it).
try zoom player
n the new Real Player 11
foobar 2000 looks however you want it to look - you just need to learn how to configure it (which can be pretty tough).
Here's my current foobar
Maybe mplayer + mpui for video. It plays everything (realmedia, divx, mpeg, flashvideo, mp4, 3gp, qt) and it use codecs stored in separate directory. No need to install anything like k-lite pack.
I have somewhat changed my mind. With each successive version of Winamp 5 it has gotten worse and worse. By that I mean more bloated and full of features 98% of us do not need.
I am like a packrat with software installs, and I happened to be going back through my old software and came across "winamp50superprealphaleetness2_full_noaod.exe". I don't remember where I originally got this from, but it is legit. I've been using that for quite some time now and I'm perfectly happy with it. It is Winamp 5 at its absolute purest. It plays Video and Audio and that is basically it. It is all the greatness of Winamp 2 but with the ability to play video.
Here is a screenshot of the About screen.
When I scroll the page SNGX that picture looks like it's moving, I thought you'd uploaded a video or something.. Like one of those holo' Tazo's
Anyway, I use WMP 11 for all my music needs. I like its layout and I like having a more 'library' type of feel to my music. Movies I generally play in WMP but for some reason DVDs wont work, says there is a region error with my video card drivers :S So DVD playback is done so in WMP Classic.
When I was experimenting with Ubuntu I came across Amarok and I loved it. It's a great audio player and I'd use it on Windows if possible.
I've seen Winamp been brought up a fair bit in here. Maybe I'll give that a go.
It is a moving image, like a mini video in their about screen, I screen capped it with that image, but I doubt it would have been any better any any other time.
Winamp failed to convince me to change to it over WMP 11. I swear every other thing I clicked on would open its browser trying to get to buy the 'pro' version.
Still I pray for the day Amarok comes to XP.
VLC player is free and open source - give a try. media player is too bloated.