I saw an article that AOL bought winamp and killed it. So I uninstalled winamp and went a looking for a new free player. I'm currently evaluating Zoom Player. Seems to have a number of cool features and supports MP3, WMA .APE and .WV. I'll let you know how it works out. The other cool thing is the pro version will also do DRM.
The following list contains a description of the most well known and used file formats (or decoders) and the components required to play them using Zoom Player.
Media Formats:
3GP
DVD
Flash
Flash Video
Matroska
MPEG-2
MP4 (MPEG-4 Bitstream Format)
OGM (OGG Movie)
QuickTime
RealMedia
Video Decoders:
DIVX 3.11
DIVX 4 or newer
H.264 (MPEG-4 AVC / QuickTime-HD)
XVID
Audio Decoders:
AAC
AC3
DTS
FLAC
Monkey (APE)
MPEG Layer-3 (MP3)
MusePack (MPC)
OptimFROG
OGG Vorbis
Shorten (SHN)
SHOUTcast Streaming
True Audio (TTA)
WavPack
Disc Readers:
CD Audio
CDXA (SVCD Disc Images)
Additional Filters worth mentioning:
AVI Splitter (Helpful in playing incomplete AVI files)
FFDShow Multi-Format Decoder
DirectVobSub (Subtitle Display, VERY IMPORTANT!)
Rare or Obsolete formats:
FLIC Video
MO3/IT/XM/S3M/MTM/MOD/UMX Audio