WiiMC (Wii Media Centre) is an open source media player for the Nintendo Wii. The GUI is powered by libwiigui.

Features:

Ability to play virtually any video or audio format
DVD playback, with DVD menu support (requires IOS 202)
Picture viewer
Music player
Online media support
SD, USB 2.0, SMB, HTTP, and FTP support
Attractive libwiigui-based interface, designed with the Wii in mind

Changes:

Fixed NTFS crashes
Fixed Navi-X search, audio files work in Navi-X now
Added Down button to switch audio stream, Up is now to switch subtitles
Added FTP port setting
Fixed potential picture viewer crashes
Fixed some pause/resume issues
Fixed some cache issues

http://www.wiimc.org/