Next release for VLC for Windows 8 is this week-end. Stay tuned.
— VideoLAN (@videolan) March 12, 2014
Detailed features and limitations list from VLC kickstarter page:
As this is a beta, some features are still not perfectly stable, but we are working on that. We thought we should share it with the users, so that people could test and help us.
- works on Windows 8.0 and 8.1: too many people are still on 8.0, so we had to use that. This decreases the stability of the application, though…
- is compiled for Intel x86 CPUs: Windows RT version will follow as soon as we are able to compile it. ARM version will also apply to Windows Phone.
- plays all video and audio formats of VLC, including MKV, Ogg and Mov files or FLAC and MPC;
- supports the same codecs as the VLC application for desktop, from MPEG-1 to H.265, through WMV3 and VC-1;
- supports multiple-audio tracks selection;
- supports embedded subtitles;
- supports Background Audio playback;
- features a easy-to-navigate but complete UI, notably for audio browsing;
- supports Live Tiles!
- supports removable storage and DLNA servers.
However, there are a few limitations:
- This app is currently slow, and is slower than VLC for desktop for video decoding and has no hardware acceleration;
- Subtitles support is not very good yet, and notably it only supports embedded subtitles; this is our major point of focus for now.
- Audio does not seem to work in all configurations;
- Playlists and streams are not supported in the UI (they are present in the core)
- It’s clearly not as stable as it should be.