VLC 1.1.12 will be released within the next week. Most importantly, it includes a fix for the optical audio output (S/PDIF) on OS X Lion, so you can enjoy your multi-channel movies again in a proper way. Additionally, VLC no longer crashes when using the Japanese locale.
To give it a try, feel free to fetch a pre-release build from nightlies.videolan.org. Please note that these pre-release builds require Mac OS X 10.6 or later. The actual release still supports OS X 10.5 Leopard of course.
Great. Still looking forward to the 1.2 release.
Really Good,Expecting The Arrival