Finally a decent Video Player For Android which supports almost all formats

Rockplayer is an android application that supports almost all kinds of videos on ur mobile. Currently it is in public beta stage. Currently only ARM6,7 Processors are supported.

You can download it from

http://groups.google.com/group/rockplayer

From their site :

We are proud to announce the RockPlayer is ready for public beta, enjoy video on your favorite phone now!

Support Android OS : 1.6 – 2.2
Support Media format : avi mkv rmvb flv mp4 3gp wmv mov asf , divx xvid h264 rv40
CPU Requirement: ARMV6 、ARMV7 .device must support VFP (NOT Support: HTC G1 G2 G3 )