VideoLAN organization just announced the latest stable release VLC 2.0 with codename “Twoflower”. Twoflower release comes with several enhancements to the user interface, better hardware decoding for H.264, MPEG-4, Xvid and WebM using multi-core CPU and GPU, also brings support for many new multimedia file formats. Check the release notes for further information and installation instructions for VLC 2.0 on Ubuntu 12.04 LTS Precise Pangolin and Ubuntu 11.10 Oneiric Ocelot using “PPA” down below.
VlC 2.0 has a new OpenGL rendering Pipline, which support higher subtitle quality, shader for colorspace conversion, including 10bits and new video filters to enhance the video quality. Simplification of the audio core for faster processing. New audio outputs for iOS, Android and OS/2. Improved the MKV demuxer. BluRay support for experimental purposes. Also comes with many new features and hundreds of bug fixes, check the full list of changes Here on the release notes.
[How To]: Install VLC 2.0 On Ubuntu Using VideoLAN stable official repository
sudo apt-add-repository ppa:videolan/stable-daily
sudo apt-get update
sudo apt-get install vlc
PPA works on Ubuntu 12.04 LTS Precise Pangolin and Ubuntu 11.10 Oneiric Ocelot Only
Launchpad VideoLAN PPA.
VLC 2.0 Release Notes.