VLC is a popular video player which can handle different types of files. ZodTTD wants to put the player in the iPhone. The site wrote ZodTTD has successfully ported VLC into the iPhone. It is still buggy but it claims it is working.

VLC player for iPhone currently supports MPEG/MPG, AVI, MP3 and some known formats. ZodTTD said the software may be able to play WMV, DivX, OGG, FLAC and more in the future. No more complicated file conversions and save your time.

Currently the software is in beta and only available to beta testers. To become a beta testers is easy, you only need to donate to the developer.

Unfortunately, I am unlucky to get the beta version. So, I am not able to try this hot app.

[via iPhoneFreakz]