Winamp is free. There is a Pro version for $20 that adds faster ripping/burning and MP3 encoding. The free version can play MP3s, but can’t create them. However, the free version can create/encode just about every other format known to man (FLAC and Ogg Vorbis included).
MediaMonkey is similar. The free version is very full featured, but the $20 Gold version has a few important extras. Winamp and MM Both crush WMP.
In my opinion, $20 is cheap for what you get with either Winamp or MediaMonkey. Both are definitely worth it.
Message Edited by Skinjob on 01-26-2009 01:18 PM