Wow.. after adding that repo in (its actually http://download.videolan.org/pub/videolan/maemo/) managed to grab it.

The GUI works, but only launchable from Xterm using vlc command (the icon clears the screen and doesnt do much). Noticed too that its Optified (player and libraries) and didnt use any of my precious root.

Not bad for an alpha. But seems to struggle with larger files. Does seem to play the formats and it does utilise some hardware acceleration via the DSP and Video processors.

Comparing it to MPlayer, its way more smoother and less need to overclock the CPU to get the performance.

Cant wait for the further progress.. if they can fix and optimise it more, then its a killer product for sure!