iTunes 7 jus rocks!! Plus i own an iPod.. Hence that suits me best!! Also, if u hav a well organized library, WMP11 and iTunes 7 are the best options..
For video, i would prefer VLC.. the default skin of VLC is quite boring.. but tons of skins r available on the net!
audio-> Media Player Classic (4rm K-Lite Codec Pack)... bt it lacks good Media Library feature. so if i need media library, i use Winamp (bt it uses lots of resources)
video-> Media Player Classic or VLC(if format doesnt work in MPlayer...
Video -- SMPlayer -- better than VLC, plays more format than VLC, CPU usage a little less than VLC.
*smplayer.sourceforge.net/
Audio -- RealPlayer and WMP 11 rocks
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