Applidium just posted the following:
After several month of porting, we are proud to announce the release of VLC for the iPad! This application stands out for two reasons. First, it will be available for free on the AppStore. But that’s not all. VLC is an OpenSource project. We are currently preparing our patches for submission to the main VLC tree. And obviously, we will release our current working tree when the app will hit the AppStore.
If everything goes well, VLC for the iPad should be available next week. To celebrate this release, we’re organizing a game. To be won: a copy of VLC of the iPad, one week before the official release! All you have to do is to follow @applidium on Twitter. We will randomly pick 5 people out of our followers on Sunday, and we’ll send them their own version of VLCfor the iPad!