I recommend a music player software: Jetaudio.

Since someone has submitted BeoPlayer, I'll submit one too - it's from the well-known Cowon. The biggest feature of this player is that it comes with BBE, the winning tool of Iaudio MP3 players. Those who play with MP3s all know about BBE. For more information on BBE, you can refer to this link: http://mp3.zol.com.cn/2005/0224/152039.shtml.

Jetaudio, apart from its prominent feature of BBE, supports a wide range of formats, almost on par with Foobar, including mp3, ogg, ape, flac, aac, and many more. Other functions include ripping CD tracks, format conversion, super recorder, CD burning, and video playback. Those who are interested can give it a try.

As for the drawbacks, the software is a bit large and starts up a little slowly (relative to Foobar).