The wait is over. After several years in hiatus, VLC for iOS is available. It’s Version 2.0.1.
Here’s the information from the App Store page:
VLC iOS is a port of the famous free media player to iDevices.
It can play all your movies and shows in most formats directly without conversion.
VLC on iOS is completly free and open source.
There’s not much, but the app is cool for watching videos and fan-made movies.
Download it at the App Store: