VideoLAN has brought out the latest version of VLC media player. It's still free, but better than ever.
http://www.videolan.org/vlc/download-windows.html
http://www.majorgeeks.com/VLC_media_player_d4674.html
http://www.videolan.org/vlc/download-windows.html
http://www.majorgeeks.com/VLC_media_player_d4674.html