VLC arrives on the iPad, iPhone version coming up!
In case you were wondering about the open source implications of the release, good news on that front: Applidium states that the code will be released before the end of the day. The blog also states that they've begun work on a version for the iPhone and iPod touch as well, so you'll soon be able to enjoy VLC viewing on your pocket-sized device.
The rest of you who love VLC can still party if you want to -- it's a celebration-worthy app, even if you don't have an iPad to play with!
update: Have a look at Iyaz Akhtar's review over at Mobiputing... overall, VLC on the iPad looks pretty darn good -- DivX and Xvid worked well, though it did struggle with a large M4V (not a complete shocker)