I believe that almost everybody using a PC knows anything about Winamp. Well, just for the record, Winamp has a lot of cool features which make it an extremely valuable and versatile media player. 
Among it's countless features I liked the following: you can synchronize your Media Library with your portable media player: compatible with iPod, Creative, and Microsoft Plays For Sure devices. It contains coding Technologies aacPlus High Bitrate encoder available in Winamp Pro, Coding Technologies aacPlus (HE-AAC) in MP4 container Coding Technologies LC-AAC encoder. 

A feature which I personally liked is the Predixis Smart Playlist Generator to list your songs according to the way they sound. The program has lots of customizable components: Winamp Agent, Library, modern Skin Support, User Interface extensions, Audio file support, video file support, visualizations, extra audio output/effect support. You can associate it with audio, video, audio CDs, playlist files. 
Automatic download and install codecs and libraries also available. 

Other cool features include: Dynamic AJAX Internet Media Hub, gapless MP3 playback, multi-user profile options, remembers your previous installer settings, right-to-left playlist display. You can install the toolbar and control Winamp from your browser and have access to Shoutcast radio. With eMusic you can get one free audiobook and 50 free MP3's during the trial period. 

Since it's an extremely friendly media player, Winamp give you the freedom of choosing one of of the thousands of skins available for download; it also incorporates a powerful graphic equalizer which includes lots and lots of predefined presets or gives you the possibility to save your own. 

Pluses: Winamp is free, easy to use and features integrated SHOUTcast Radio & TV. 

Drawbacks / flaws: If you want to Rip to HE-AAC at >128k bitrate, burn CDs Faster - Up to 48x or rip/encode Music into aacPlus, AAC, MP3, and WMA you need to buy Winamp. 

In conclusion: Download, install and enjoy listening to music or viewing your favorite movies. 

version reviewed: 5.552