VLC media player is a free and open source cross-platform multimedia player that plays most multimedia files as well as discs, devices, and network streaming protocols.
This is a BETA version of the port of VLC media player to the Android™ platform. It plays both audio and video.
It is intended for everyone, but this version is not perfectly stable.
It is still a beta, so it might kill your kitten or destroy your house, but it should be mostly fine now.
Use it at your own risk. Have fun! :)