Winvibe is another option. It is free, yet it has all the features from a full-fledged commercial package.
-MP3 / OGG / WMA / ASF / WAV format playback
-VU-Meter / Equalizer Spectrum / Oscilliscope display
-Edit Playlist and Save function
-MP3 / OGG / WAV / Playlist file Association
-Hardware button mapping
-Sleep Timer
-Surround / Bassboost / Reverb / Echo effects
-Play speed change
-Support Showing lyrics when playing music (ID3 Tag lyrics LRC, TXT file)
-HTTP streaming playback (MP3 / Ogg Vorbis)
-SHOUTcast streaming playback (MP3 / Ogg Vorbis)
The website is
here