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VLC media player is a highly portable multimedia player for various audio and video formats as well as DVDs, VCDs, and various streaming protocols without external codec or program.
It can also be used as a server to stream in unicast or multicast in IPv4 or IPv6 on a high-bandwidth network.
VLC can play:

• MPEG-1, MPEG-2 and MPEG-4 / DivX files from a hard disk, a CD-ROM drive, and so on
• DVDs, VCDs, and Audio CDs
• From satellite cards (DVB-S)
• Several types of network streams: UDP/RTP Unicast, UDP/RTP Multicast, HTTP, RTSP, MMS, etc.
• From acquisition or encoding cards (on GNU/Linux and Windows only) 

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Cool Edit Pro v2.0 is a digital audio recorder, editor and mixer. It allows you to record, play, convert and edit files in more than 25 formats, that are up to 2 gigabytes in size. Support is provided for multiple sound cards, recording devices, and playing devices.

The program's extensive list of features includes:

- Create multitrack mixes with unlimited stereo tracks
- Multichannel encoder to produce high-quality 5.1 surround sound
- Record up to 80 live inputs simultaneously in a multitrack session.
- Supported audio CD burning.
- More than 5,000 included music loops.
- Remove audio flaws with easy-to-use effects.
- Can import from and export to a wide range of formats, including MP3, WAV, WMA Professional, AIFF, SND, Ogg Vorbis, AVI, WMV, and DV.
- Comes with more than 50 high quality digital signal processing tools and effects suitable for everything from audio restoration to mixing and mastering.
- Accepts third-party DX and VST plugins.