The incredibly popular VLC Player is finally coming to Android after months of hard work by the open source project developers. Originally a desktop media center for Linux, Windows, and Mac, this versatile player will bring many new video-playing features to our beloved OS including a wide variety of formats such as DivX and Dolby TrueHD. The lead developer in the project, Jean-Baptiste Kempf, has confirmed that it will hit the Android Market in "just a few weeks", which means that Android will be the first mobile platform to have a version of this software finally follow iOS and get its own port (thanks, Mikeyy). This was made possible through various NDK (native development kit) improvements found in Gingerbread.
There will, however, be some trailing issues for the first little while, even after all the libraries have been ported. Some devices may not properly run the application or may not be able to decode all video types. Kempf has cautioned the public that this could result in some delays, but hopefully we won't have to wait much longer. If you have an itch to be one of the first to get the app when it launches, you can follow the progress of the Android project at their Git hub.