Great news, folks! VLC for iPad has been approved by Apple and is now propagating in the App Store. New Zealand users can find the app already available here, anyone else will have to wait a few hours to see the app available for sale in iTunes.
UPDATE: Now available in the US store as well. Direct Link.
VLC for iPad developers promise that the app will be compatible with a variety of video formats and ensure high compatibility unseen in any other iPad apps. They've also announced that an iPhone version is in the works, and will be available soon. For a great preview of VLC for iPad head over AppAdvice.
We'll have an in-depth review of VLC for iPad online soon on MacStories.
For the technically-inclined of you, the sources are being uploaded to videolan.org, and should be made available before the end of the day.
Also, we’ve got many questions regarding an iPhone version. It’s in the works! We started with the iPad, but an iPhone and iPod version is coming.
We’d also like to thank the VideoLAN team which has been very, very helping and supportive, as well as all of you who sent us nice messages on twitter and by email.