Farter has updated his Homebrew media Application Port for Wii Called
Geexbox GeeXboX is a media player software. It can play videos, play music (with visualization) and display photo slideshows.
Major new features: bluetooth (remote control, obex file push, networking and audio partially working), USB storage, USB Ethernet, http/telnet/ftp server, netstreaming, image viewer, goom visuals for audio playback, .... Most of the new features are fully or partially tested, some are not, yet.
Changelog
20081001: 0.1alpha3. Bugfix release.
* Implementation of optional 'vsync' to improve screen tearing in certain cases
* Support for on-the-fly aspect ratio change
* Fixed DVD-VIDEO aspect ratio error when switching between menu and movie
* Disabling libass to fix lagging and freezing caused by text subtitles
* Disabling colored spu to fix DVD-VIDEO/vobsub subtitile display
* Support for vobsub subtitles in rar archive format
* Support for optionally lowering subtitles into blackbars
* Fixed subtitle charset conversion
* Update to MPlayer r27630
Download: here Wiibrew App Page: here