Here it is – foobar2000. A great music player as well as a great MP3 tagging tool. It's well known as a very-well functioning music player, and its best perk is perhaps the low RAM and CPU usage. This makes it great for just about any type of computer (from a Intel Atom Netbook to a smacking 8-core desktop setup).
Why should I use foobar2000?
With the plethora of components available for it, you're absolutely free to make your player as complex or as simple as you want it to be. And even if foobar2000 will play almost any audio file out of the box, it has support for file types like MP3, MP4, AAC, CD Audio, WMA, Vorbis, FLAC, WAV, AIFF and more.
What is the point of Foobar?
foobar2000 supports many audio file formats, has many features for organizing metadata, files, and folders, and has a converter interface for use with command line encoders.