VPlayer for Android - whispers sweet nothings in your ear
Finally, we have a VLC-equivalent player on the Android.

It will support nearly any file you feed it without an issue, a free alpha version is available now.
VPlayer offers support for virtually any video format you need, files like DivX, Xvid, FLV, MKV and WMV to name a few. But, it is in alpha form so it's not super stable - but it's something.
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