VLC for iPhone: free app can play any video format on your iPhone, iPad, or iPod Touch
Via Freeware Genius
One of the major annoyances with watching video on the iPhone is the need to convert them into iPhone friendly format first (H264 video encoder, AAC audio, 640 max width, and MP4 wrapper). And while in theory video conversions are not that difficult, in practice I found myself simply avoiding watching video on my iPhone altogether, rather than deal with video conversions and with iTunes insisting on managing my media library.
Enter the free VLC app for iPhone. Yes, folks, this is the same multiplatform free media player that you’re familliar with on your PC, and its still super awesome. It allows you to play any video format of any size on your iPhone or iPad, including MKV, AVI, MPEG, and over oversized MP4s with large HD resolutions, as well as most formats you could think of.
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