If everything goes well, every iPad user would be able to play movies and shows in DivX, Xivd and many other media format not supported by Apple's native QuickTime player. All thanks to the free VLC Media Player

If Apple approves it, that is. Right now, VLC is going through the approval process. Since it doesn't break any rules, I'm sure (I hope) there will be no problem.

VLC will allow you to play your own high quality video without having to go through Apple's iTunes Store or converting to H.264. According to AppAdvice, it works great:

It performs very well, and all your DivX and Xvid files will play smoothly and normally, displaying all their original quality. It also supports a bunch of other formats, and it's extremely simple to use. As for the interface, it's nice and polished.

Crossing fingers. [AppAdvice]