UMPlayer v0.97 + Portable

UMPlayer plays everything! UMPlayer is the multimedia player that fills all your needs. With dozens of advanced features and built-in codecs it can handle any media format, and can play Audio CDs, DVDs, (S)VCDs, TV / Radio cards, YouTube and SHOUTcast streams and even incomplete or damaged media files.
The contrasting features in UMPlayer include the ability to stream both Youtubes movies and SHOUTcast Internet Radio streams while supporting more than 270 audio and video codecs. UMPlayer which is written under Qt platform is also a cross platform application that available in various operating systems: Microsoft Windows, Mac OS/X (to be available soon) and GNU/Linux including Debian and Ubuntu.

Heres the list of the features in UMPlayer:

It is free and released as open source application.
Skinnable interface that allow users to customize the look and feel of its UI.
Built in subtitle search with audio/subtitle synchronization. The antialiased shaded subtitle also supports various subtitle encoded in various language fonts.
Enhanced filter rendering
Advanced caching and CPU optimizations
Ability to stream and record (as in download for offline viewing) the content from YouTube.
Listens to thousands of free MP3 and AAC Internet radio stations available from SHOUTcast.
Supports wide range of output drivers such as X11, Xv, DGA, OpenGL, SVGAlib, fbdev, AAlib, DirectFB for smooth and quality rendering.
Ability to play the incomplete or damaged media files.