- Audio formats supported: MP1, MP2, MP3, MP4, MPC, AAC, Ogg Vorbis, FLAC / Ogg FLAC, WavPack, WAV, WMA, AIFF, AU, SND, CDDA.
- Full unicode support.
- Advanced tagging capabilities.
- Support for transcoding all supported audio formats using the Converter component (requires external commandline encoder executables for different output formats).
- ReplayGain support - both playback and calculation.
- Customizable keyboard shortcuts.
- Open component architecture allowing third-party developers to extend functionality of the player.

- Native support for new free Nero Digital AAC encoder
- New “Advanced Preferences” page
- More compatible MP4 tagging scheme
- New CD ripping UI
- Added “directory context menus” feature to file type associations
- Support for realtime DSP preset editing through DSP Manager page
- Fixed various networking issues
- APL support (no longer maintained) moved to a separately downloadable component (Monkey’s Audio support)
- Various cosmetic changes
- Various other bug fixes

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