VLC Media Player now available for iPhone

VLC Media Player, an app that lets you watch videos in several formats that aren't natively supported by the iPhone, has arrived in Apple's iTunes store.
The app originated on the iPad, and is now compatible with iPhone 4, iPhone 3GS, and "recent" versions of the iPod touch.

The features include quick decoding of almost every video format as well as deleting files directly from the application (bypassing iTunes).

Here is the link to the iTunes Store: #-Link-Snipped-#