Introducing small features and fixing important bugs and a security issues, here is VLC 1.1.8.
Security update regarding video width concerning some demuxers
Support for a new Dirac encoder based on libschroedinger
Package of the new VP8/Webm encoder 'Bali'
Notable updates in .mp4, .ogg, .ape demuxers
Major updates in most language translations
Fixes in skins2 supports of Winamp2 skins
Upgrade on the look of VLC for Mac OS X
Auto-detection for .txt subtitles is fixed
Fixes on Windows integration, notably regarding volume keys
Many miscellaneous fixes
P.S. german users of T-Home entertainment should update the playlist