GSPlayer 2.29
[Only registered and activated users can see links]
GSPlayer description
Very nice MPEG audio player (including MP3 /Vorbis Ogg/Wave), offering HTTP streaming audio, including SHOUTcast, also works with live365 it seems

Here are some key features of "GSPlayer":

· MP3 playback using the MAD 0.15.0b
· Ogg Vorbis playback
· Wave format playback
· HTTP streaming playback (MP3 / Ogg Vorbis)
· SHOUTcast streaming playback (MP3 / Ogg Vorbis)
· ID3 v1/v1.1 support
· PLS/M3U playlist support
· 10 bands equalizer (MP3 playback only)
· Surround / Bassboost effects
· Reverb / Echo effects
· Skin support
· Hardware button mapping
· Noiseless playback (See decoder tab in options dialog)
· Sleep Timer
· Hold (Lock hardware buttons)

Requirements:

· Windows Mobile 5/6

Very boggy software ...

Takes long time to load a play list .

To operate the EQ you need to set the waveform, and move the preamp slider (at the bottom) a bit , and then it will start working .
Only 99 mp3s counter !!

Nice look .... but the most usable player by my opinion are the pocketmusic5 free.