VLC version 1.0 is "supposed" to have MLP decoding... heres some details from JBKempf's blog. One thing I would love to see (other than codecs) is for them to provide a way to save custom Equalizer settings
Timeline
The freezing date of VLC 1.0.0 is set on January, 31st 2009.
This means that VLC 1.0.0 alpha, alias VLC 1.0.0-pre1 will be available around the beginning of February.
VLC 1.0.0 release will likely be out during the month of March, then.
Features of VLC 1.0
There are many new things that some of you will like:
Playback
* Frame-By-Frame, Improved frame accuracy
* Timeshifting and record on the fly for all medias
* RTSP trickplay
* Faster caching
* Faster seeking
* Vout and Aout recycling as in 0.8.x
* Post-processing is back
New Codecs
* Dolby Digital Plus - E-AC3
* TrueHD/MLP
* Real Video 3.0 and 4.0
* Blu-Ray LPCM
* Dirac encoding in Ogg
* Faster decoding and demuxing
* Rewrite of subtitles core
Other
* Windows CE experimental port
* Maemo port
* HTML export of the playlist
* Interface customization on Windows and linux
* Better GTK integration
* Faster