Well... it's pretty minimalist indeed! Just tried it, based on the good reviews below but I'm really surprised that prefs don't even exist! :-o
You have to learn who knows what cryptic language to set up config files, frankly I've got other things to do in life.
The good thing is that it answers pretty fast when you click on the timeline and it works "out of the box" if you're not too fussy about customization.
I'll keep it around for those rare cases when my usual players have difficulties with some file, but as I play a lot of subtitled movies, I prefer the level of customization that Movist has.