Excellent DirectDraw filter that adds support for almost all known subtitles to Windows Media Player and other Windows video players.
Originally the program was developed to circumvent a minor problem with Matrox G400/450 graphics cards' TV out feature that would require the video clip's resolution to be in exact multiplies of 32. Very easy to configure and works very nicely; subtitle support allows subtitle framerate adjusting, font selection, etc..
It wrecked my Windows Moviemaker installation. I knew it the moment I saw the setup screen. It's amateur all the way, written in some guy's basement. I just knew it wouldn't uninstall correctly. Sure enough it won't. Not recommended--avoid.