Light Alloy media player is a new release (August 2014) and can either be installed or you can run the portable version.
On my machine I've downloaded the portable version and run it from a RAMdisk and it's pretty good.
It installed no spyware or toolbars.
Portable version: No need to associate any file types.
Some settings to help it work a little better. Press F10 to open options....
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