Some have even gone as far as to state that Sony's strategy of using MPEG-2 and uncompressed PCM audio on single-layer Blu-ray discs may have required too much video compression, resulting in early releases that don't match the sharpness of VC-1 encoded movies available on HD DVD.

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But overall, I can recommend PeggyBank, whose name is a play on both "piggy bank" and on the names of the most common digital video, audio and photo file formats: MPEG and JPEG.

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Of course in addition to emulating that massive library of 8-bit goodness, the PMP will also handle MP3, OGG, FLAC, and WAV audio, as well as AVI, MPEG-4 SP, XviD, and DivX video, which you can view on the player's 2.5-inch QVGA screen.

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Not only does it play back MP3 music files, but it also can record live audio and shoot and display digital still photos and MPEG-4 video.

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Microsoft Windows Media Player: This audio and video player supports almost any type of local and streamed multimedia format, including Real Audio, Real Video, QuickTime, MIDI, MPEG-1, MPEG-2, MP3, AVI, .wav, .mov, .vod, and .au.

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