Movies!
Not yet.
Soon, though.
I’ve been working on the past few week (maybe month?) on getting movies support (using the ffmpeg library to decode pretty much about any format you could think of). I’ve already commited video playback code, but video streams without sound are boring… right?
Lately I’ve been working on getting audio streams out of video files, and it’s been quite some work. For one, I didn’t want all that work to go to waste later, so I’ve been trying to code it in a useful, reusable way. I think I managed to write it in a way that could be reused in the eventual rewrite of the audio system. For two, I’ve been greatly tempted to start that rewrite right now - getting streaming using the current audio system in VS is… challenging. I’ll probably be hacking my way around VS’s aldrv API (the one that handles audio calls).
As much as I’d like to rewrite the entire audio system, the reality of things is that movies are required by many ASAP, so I will struggle hard to overcome the temptation 
The code to handle various codecs, needed since we want ffmpeg to be a compile-time option, has just been finished. I’ll probably commit it as soon as it builds without issue, although it will not be linked to any part of VS.
Those curious to know how the upcoming audiosystem will look like are welcome to peek into that code (src/audio), to get an idea of, at least, the coding style involved.
Stay tuned - you may even get radio support on VS after all! (ffmpeg does support network streaming) *
* disclaimer: theoretically possible, but nowhere near available right now. However, the guys against it have one reason less to think so :-p