The world probably needs another desktop video player like it needs a hole in its head, right? Setting aside the fact that we're not sure the world has a head, Chameleo is a new video player that's actually worth checking out. The open source application from Korea's NomadConnection has an attractive interface, support for multiple file formats including MPEG 1/2/4, H2.64, and WMV, and a nifty widget engine.

Chameleo is still in its early phases. The current release is just version 0.1. But the application already ships with an excellent screen capture plugin that lets you full screen or cropped still images from any video. Another plugin lets you resize videos, while another lets you search subtitles.

The video player doesn't handle web video like Joost or Babelgum. But it has an integrated BitTorrent client which lets you download and watch videos by supplying a Torrent file. Chameleo is currently available for Windows, but Mac and Linux clients are expected soon.

[via NewTeeVee]