rphMPFE is GUI front-end for MPlayer with flow view and tool like media cutter.It can play audio,video,dvd files(.vob),vcd files(.mpg,.dat) etc and supports network streaming.It supports subtitles,subtitle decoding is done by using ass library.It can play any media formats without any external codecs.

Features:
1. Using MPlayer
2. 161 audio & 356 video codecs
3. Cool Seek view-you can see a frame at a partuicular position without seeking.
4. Flow browser
5. PictureFlow
6. 8 Window styles
7. Configurable keyboard shortcuts and mouse
8. Subtitles
9. Media cutter
10. Media mixer
11. Audio extractor
12. Network streaming
13. Family friendly mode
14. 10 band audio equalizer
15. video equalizer
16. Winamp dsp plugins support
17. 8 Audio effect filters,17 Video effect filters

The license of this software is Freeware, you can free download and free use this video player software.