BOLLYWOOD  Apparently the reason there are no devs working on VLC, is because there is a new fully 64bit compatible version being worked on, with a new UI, and a new name:

http://wiki.videolan.org/Lunettes  
(Version 1.0.5)

SNOWLPRD  Contrary to what's indicated in the comment below, there does not appear to be a 64-bit build of the 1.0.5 release. As a matter of fact, it appears that nightly builds of the 64-bit branch ceased on January 19 -- the last 64-bit nightly build is marked 1.0.5RC. I've tried using that build several times over the last two weeks, and it's definitely a nightly build (i.e., it crashed nearly every time I tried to quit it). There is another branch entitled "vlc-git-intel-YYYYMMDD-XXXX.zip" that is being built nightly, but I'm guessing that is a 32-bit build. The reason I don't know for certain is that the latest versions of that branch, which are tagged with a "1.1.0" label, don't even launch on my MacBook Pro running 10.6.2.

In summary, there does not appear to be a recent stable 64-bit version of VLC available, and the vast majority of users should use the 32-bit release version of VLC that's linked here on MacUpdate. If you know for a fact that you need a 64-bit build (e.g., you want to use it in conjunction with Handbrake for DVD-to-MP4 conversions), then you should choose one of the older 64-bit builds: either 1.0.2 (release) or 1.0.5RC (nightly from 1/19).

It's a shame that there's no stable recent 64-bit version of VLC, but that's the situation. As a result, I'm now using QuickTime Player X in conjunction with Perian, and I've been very pleasantly surprised with its UI and performance. Always nice to have options. =)  
(Version 1.0.5)

ZX  1.0.5 64-bit version.

http://nightlies.videolan.org/build/macosx-intel/?C=M;O=D  
(Version 1.0.5)

ILGAZ  Well, if we check this:

http://wiki.videolan.org/Lunettes#VLC_for_Mac_death_is_.22greatly_exaggerated.22_.2F_What_is_Lunettes.3F

They say VLC will be re-coded in Cocoa/Objective C 2.  
(Version 1.0.3)

ILGAZ  I can't understand how such a successful application for OS X, which has managed to be pick of the most hard to impress users since the beginning (1980s!) lacks developers or packagers.

At least, they should explain the difficulties created by Apple with the Snow Leopard release, I really suspect it is the reason. They shouldn't bother with "fanboys" and directly explain "here, this version of xcode can't do this while older did that". Developers should really start to speak up.

My favorite game dropped PPC support recently for reasons outside their team. They don't really make money from Mac Intel upgrade sales so, they had to do it for some technical reason. They are monthly subscription based so each PPC user rejecting to upgrade to Intel means real World money to them. As they are a commercial game company who has to keep relations good with OS vendor, they can't really explain the issues. As VLC doesn't really care what Apple thinks about them, they should explain what went this wrong.

ps: If you are a developer who is gifted enough to code/maintain VLC and not using this opportunity, you are stupid. Sorry for saying it but please, rather than comments, see the number of downloads. This would be a multi million dollar hit if it wasn't freeware.  
(Version 1.0.3)

MACLOVER1.1  DON'T GIVE UP !!!!!!!!!!!!!!!! This is the best media app !!!!!!!!!!!!  
(Version 1.0.3)

AQUA_LUNG  VLC is a lifesaver, I have a DVD that has a better DTS track compared to it's dolby digital track and my home sytem supports DTS as well as dolby, when I tried the DTS track on my macbook using the DVD app I got nothing so I tried VLC and got it to work without issues.

Please support VLC! Keep it up!  
(Version 1.0.3)

BAVARIAN BARBARIAN  Love it. Keep up the great work guys!  
(Version 1.0.3)

MACLOVER1.1  1.0.2 is 64-bit and 1.0.3 is not ?!? How did that happen ? Handbrake new version is not happy with either 1.0.2 and 1.0.3... Confusion... It tells you 1.0.2 is outdated.. and 1.0.3 is not 64 bit...

Guess I need to revert to both older versions... Odd situation.  
(Version 1.0.3)

HYPER83  im currently using an old version of powerbook g4 which is mac os x 10.4.11.now i've updated my vlc to its latest version.installed it perferctly,problem is, its not working at all and it says it can't play with the version of my mac os x..can i still recover/restore the older version of my vlc before.help please.thanks.  
(Version 1.0.3)