I hadn't tried it before, but VLC 2.0 is a very impressive improvement over 1.x. I don't have an extensive library of files with crazy features, but it handled everything I threw at it fine. Hopefully they'll keep improving, it's good for the other players to have more competition on features.
While that's true, VLC has had a history of problems with H.264 (quite ironic), ASS/SSA and ordered chapters that makes them shunned in the anime community. Apparently, libass still has problems with skewed and rotated subtitles. CCCP is much more preferred on Windows.
