ZodTTD has posted some work in progress news about his VLC port to the iPhone.

Quote:

While being a bit sick with a bad cold for the past week, I decided to get some work done on vlc4iphone. I have just released vlc4iphone v0.9.8 for firmware 2.0+ to beta testers.

vlc4iphone is a port of VLC to the iPhone and iPod Touch. It is a media player application that supports a wide variety of codecs, such as DivX/XviD, MP3, OGG, FLAC, MOV, WMV, FLV, etc. as well as streaming video and audio via HTTP, MMS, and (experimental) RTSP.

What’s new in this version:
– Now runs on firmware 2.0+.
– Improved user interface.
– Tons of bug fixes.
– Added experimental support for RTSP streaming.
– Improved playback performance in some decoders such as DivX/XviD.

Things to be aware of in this beta:
– For some users there seems to be some issues with volume in this release. Either volume can’t be changed, or there is a complete lack of volume. This is a high priority bug and I’m looking into it.

Once I iron out these last bugs, a public 1.0.0 release will be made.

Thanks,
ZodTTD

http://www.zodttd.com/