If you don’t know about VLC – learn right now! (click here) If you’re lazy, all you have to know is that it’s a free video player (Mac,PC,Linux) and it plays almost any video format known to man – it’s one of the first must have apps for any computer owner. Now that we have taken care of that, the open source VideoLAN organization has released RC1 of VLC 2.0 – adding naive fullscreen Lion support, newly designed subtitle manager, additional RAR archive playback, advanced output modes, Blue-Ray support for Mac and a 64-bit Windows version. While you can go and download the RC-1 version (here) keep in mind that it’s still buggy and you could see CPU/Memory issues but the re-designed interface and added features were much needed. The VideoLAN foundation has also released a video showing developer contribution to the VLC open source project.