Hey,
Just ran into this while looking for something else. Looks like its still in development, but may be worth keeping an eye on. I use the name brands everyone knows. But these little companies keep innovating, so maybe something will come of it.
http://www.videolan.org/vlmc/
Certainly it is an option for anyone on a 'shoe string' trying to learn a trade in their free time.
Cheers.
Hm, I've got VLC media player and this alone is a very useful program. Didn't even know it is developing this way. Think they can link it up with TG? :P