Earlier today VideoLAN team had released VLC 2.0.2 For Windows & Mac OS X and now they have released VLC beta for Android in Google Play Store for a download.
The developer of the app says that the version is not stable and is slower than the final version and currently will support devices with a CPU ARMv7 that will support NEON.However, he confirmed that support for other devices will be added soon.
You might find some changes with performance improvements and missing audio.
The app which is currently in beta version supports multi-track audio and subtitles and has a widget for audio control, supports audio headsets control.
To download the app you require Android 2.1 and above.