Media Player Classic Home Cinema is an extremely light-weight media player for Windows. It looks just like Windows Media Player v6.4, but has many additional features. You can use the player as a Media Player Classic Home Theater.
Supported Decoding:

MPEG-1, MPEG-2 and MPEG-4 playback. Media Player Classic is capable of VCD, SVCD and DVD playback, without the need to install any additional software or codecs.
It has built-in codecs for MPEG-2 video and codecs for LPCM, MP2, AC3 and DTS audio, and also contains an improved MPEG splitter that supports playback of VCDs and SVCDs using its VCD/SVCD/XCD Reader. A *.mp4 and MPEG-4 Timed Text support added. An AAC decoding filter makes MPC suitable for AAC playback in MP4.
MPC Home Cinema also has H.264 and VC-1 with DXVA support, DivX, Xvid, and Flash Video formats is available in MPC HC. MPC can also use the QuickTime and the RealPlayer architectures. Media Player Classic supports native playback of OGM and Matroska container formats.
Supported Video, Audio and Image File Formats:

WAV, WMA, MP3, OGG, SND, AU, AIF, AIFC, AIFF, MIDI, MPEG, MPG, MP2, VOB, AC3, DTS, ASX, M3U, PLS, WAX, ASF, WM, WMA, WMV, AVI, CDA, JPEG, JPG, GIF, PNG, BMP, D2V, MP4, SWF, MOV, QT, FLV

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