VLC recently released 2.0 version called Two Flower which was downloaded like 15 million times as its was the biggest and most powerful update from Videolan. Well this new update is still not captured by your official installed player but you can grab it from their official website.
This new version has fixed new about 120 bugs and adding new features that include MxPEG files and streams. They have also limited support for Blu Ray disc menus and interface customizations for Mac OSX. Another major fix done is for .rar archives media playback. The developers are working harder on getting more improvements in their upcoming updates.