KMPlayer has been updated to version 3.5 today, and in the small stack of new features it brings to the table, there is support for live streaming over FTP and for HTTP and FTP subtitles.
Also newly available in this release is the display of replay progress function in the taskbar, on Windows 7 and above.
The new revision brings to the table a set of repairs as well. As such, the developer eliminated the problem with video and audio synchronization when seeking in an AVI file and the error that occurred upon MP4 encoding.
On the same note, Memory Violation Error that popped up because of audio decoding should no longer be disturbing the users. A full list with the modifications for this version is available on this page.
KMPlayer can be downloaded from here.