lanejasper69: yes your dvd player should work, and we are a little swamped, so downloads may take some time to launch.
HotSoup: transparency is hidden away in the preferences. You require a powerful mac for it to work. And we are a player/server/transcoder. I don't think we will ever get any form of video editing. There are just too many videoformats to consider in that case.
VLC media player
for DivX, VCD, DVD, MPEG, AVI, FLV, WAV, WMV, OGG
Version: 0.9.8a