-MP3, MP4/M4A,loseless ALAC,FLAC, OGG, WAV, TTA, WMA
-Has own codecs
-Choose music from SD card
-Skins, 2 in beta version
-Fast scan of files ( in 1 second 1000files, depends on phone speed)
Looking forward to future updates, this is the best music experience you can get on android atm (at least according to myself )...
Mod Edit: Links removed due to being expired trials
Here's a great video demonstration made by rollercoastervj