With faster decoding on multi-core, GPU, and mobile hardware and the ability to open more formats, notably professional, HD and 10bits codecs, 2.0 is a major upgrade for VLC.

Twoflower has a new rendering pipeline for video, with higher quality subtitles, and new video filters to enhance your videos.

It supports many new devices and BluRay Discs (experimental).

Completely reworked Mac and Web interfaces and improvements in the other interfaces make VLC easier than ever to use.

VLC 2.0.4 changes:

2.0.4 is a major update that fixes a lot of regressions of the 2.0.x branch of VLC.
2.0.4 introduces an important number of fixes and improvements for all playback, notably for Blu-Ray, DVD, HLS, Ogg and MKV files; but also for Youtube, Vimeo, Koreus and Soundcloud.
2.0.4 adds Opus codec support, including multichannel ones and streams, and MSS playback through DMO libraries.
2.0.4 fixes numerous issues, including audio device selection, Qt and Mac OS interface, security issues and Windows wallpaper mode...
With faster decoding on multi-core, GPU, and mobile hardware and the ability to open more formats, notably professional, HD and 10bits codecs, 2.0 was a major upgrade for VLC.
2.0.4 fixes around a hundreds of bugs, and adds more than 300 commits on top of 2.0.3.