VLC, the Swiss army knife of multimedia viewing, has released a new version, 1.1.0. Already a top-class video player VLC 1.1.0 adds a number of new goodies, including WebM support and GPU-decoding.

The highlights:

GPU decoding on Windows Vista and 7, using DxVA2 for H.264, VC-1 and MPEG-2
GPU decoding on GNU/Linux, using VAAPI for H.264, VC-1 and MPEG-2
DSP decoding using OpenMax IL, for compatible embedded devices
Improved support for MKV HD, including seeking fixes, and 7.1 channels codecs
Support for new codecs, like Blu-Ray subtitles, MPEG-4 lossless and VP8

http://www.tectonic.co.za/2010/06/vlc-1-1-0-adds-gpu-decoding-webm-support/