VLC for Windows Phone has been released to store as a public Beta, though it is still very much work in progress. We can look forward to a new feature on VLC soon. Dev Thomas Nigro has confirmed that he intends to bring an equalizer in future and is planning to build the UI soon.
Coming to regular updates, VLC received update 1.0.4 yesterday and this update introduced serious video playback issues. The upcoming update should fix the issues.
@brandonleblanc Thanks Brandon. We introduced serious bugs with 1.0.4 and I just sent an update that will solve the video playback issue.
— Thomas Nigro (@ThomasNigro) January 8, 2015
Thanks Vicky for the tip. Cheers!!