Chef, JayC30, Cressida and everyone else, thanks a bunch. I downloaded vlc and I have never been happier. The next step is the TV card and DVD burner, but on step at a time.
sikoone - I am packing Nvidia NForce sound with decent if not amazing speakers. I will pmp em out at a later date.
Once again, thanks to all - if anyone has any further suggesstions on how to make my PC mulit-media perfect, let me know!