Nullsoft have quietly released an update to their ubiquitous media player. Winamp 5.04 is a functional, versatile, feature-rich media player with support for a vast array of audio and video formats. This application boasts support for visualisations, "Modern" skinning, limited CD burning and ripping, a comprehensive Media Library and an integrated internet radio and TV tuner. Winamp 5 has built on the success of its predecessors to maintain its title of premier media player.

An extensive number of plug-ins can be downloaded to further enhance Winamp 5. Plug-ins are which add support for more languages, file transfer to portable music devices (such as iPod) and new file formats are available. Visualisations, AVS presets and even games have been released as plug-ins. There is also a large collection of skins to choose from.

Winamp 5 comes in three versions: Full, Lite and Bundle. The Bundle version includes the an mp3 of When It's All Burning by Strata, in addition to the Full version's feature set. The list below includes in brackets which versions of Winamp a particular feature is available.

Features:
MP3 Audio Support (Full, Lite)
Compatible with Winamp 2 Plug-ins (Full, Lite)
Support for Classic Skins (Full, Lite)
Support for Modern Skins (Full)
New Winamp Modern Skin! (Full)
Video Support (NSV, WMV, MPG…) (Full)
Redesigned Media Library (Full)
Integrated Visualizers (AVS/Milkdrop) (Full)
Integrated Radio and TV Tuner (Full)
CD Burning Support (2x Burning) (Full)
CD Ripping Support (2x Ripping in AAC) (Full)
Bundle version includes an mp3 track

Changes in this version:
JTFE v0.96
Added Coding Technologies' AACPlus decoder
fixed deletion of temporary generated WAV files after a burning process on some
  computers
fixed typo in some context menu shortcuts
fixed slowness IPC bug caused by gen_hotkeys
added "clear" button in internet radio/tv views
added screenshots of classic/modern mode in installer
fixed MP3 bitrate calculation (in_mp3 was reporting incorrect lengths on some MP3s)
fixed incorrect length reporting on long WMA files
better fix for pledit/video windows showing up at startup when minimized
fixed db text bug when moving EQ sliders
upgraded MP3 encoding to LAME v3.96
fixed crash in WMA playback when using WMA v8 codecs
updated default streaming values in in_nsv
added Winamp.com Audio&Video views in the Media Library
fixed tiny memory leak in in_cdda
added right click context menu on "Now Playing" item in Media Library
added script/ActiveX disabling for Media Library's minibrowser (on by default)
fixed memory leak on MP3 files with messed up ID3v2 tags
fixed visualization when playing CD tracks
fixed proxy user: pass@server: port string getting cut when playing Shoutcast streams
made in_dshow not to handle mms:// streams ending with .wma
fixed %tracknumber% tag for CD tracks
fixed some crash bugs in in_mp4
fixed playlist generation when ripping full CDs
added "import playlist from folder" in Media Library
updated Media Library preferences screens
added new SPS presets from Cockos, Inc. (pitch shifters, etc...)
added basic streaming (download) support for M4A/MP4 HTTP streams
added monitoring of fullscreen apps, disables always on top temporarilly
added IPC_IS_WNDSHADE
added gen_ml rating ipcs
added ratings from playlist context menu (acts on selected entries)
added ratings from song ticker context menu (acts on current track)
added rating hotkeys in gen_hotkey
fixed saving read-only playlists
fixed double separator lines in gen_ml id3less item context menu
fixed refresh of view losing query after removing dead files & background scan
added escaping of ", ', [ and ] in ml queries : uses %HH where HH is the hex char
  code (uses %% for '%')
added sdk support for multiple audio/video tracks in video input plugins (see wa_ipc.h
  for ITrackSelector class)
added multiple audio avi support (right click video window, select "Audio Tracks")
fixed multimonitor problem when toggling a windowshade on one monitor while playing
  a fullscreen video on the other
added ML_IPC_EDITQUERY and ML_IPC_EDITVIEW
fixed pledit drawing bug under winxp/cleartype
fixed crash in id3 reading of zero byte files
fixed crash in sps when exiting winamp before closing the open/save dialog
added IPC_PUSH_DISABLE_EXIT, IPC_POP_DISABLE_EXIT and IPC_IS_EXIT_ENABLED
fixed gen_ml crash when inserting item with length -1
made gen_ml much more resistant to databases that have been corrupted
fixed ml nuke
added disabling of "keep on screen" option when going into a different resolution
  because of a fullscreen application (ie: a game)
made ui: preferences global hotkey open the prefs to the previously opened page
fixed a few preferences cosmetic 'bugs'
modern skin updates: 28 fixes and enhancements

Winamp 5 (2+3, get it?) also comes in a Pro version which features mp3 encoding and unrestricted CD ripping and burning (up to 48x) which can be purchased for $14.95.