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A new version of Media Player Classic Home Cinema, 1.4.2499.0, was released yesterday with an impressive changelog.
MPC-HC is mentioned in the Media Player Classic entry, but I suggest changing the entry to point to MPC-HC instead. According to the SourceForge.net project feed (Show -> Code Commits), the latest commit of Guliverkli2 project* was 207 days ago. The development of Guliverkli2 may have stopped already, but even if not, MPC-HC's progress is much faster.
I mean, in my opinion listing dead software isn't a good idea if much better fork is available.

In case someone goes on and changes the entry: it seems MPC-HC was originally suggested by Rick, in March 2008.
*The links of Media Player Classic entry lead to Guliverkli2, not the original project.