VLC, VLC, VLC, VLC...

Real is crap (in that it has a certain weakness that can make it possible to get infected by malware by playing .mp3!).
www.videolan.org/vlc/

You will need no modules or codecs with VLC.

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iMac G4 OSX 10.3.9
RAM 256MB
LW 4.10.5 Basic
ADSL anything from 3 to 8Mbps/around 1024kbps

"Raise your can of Beer on high
And seal your fate forever
Our best years have passed us by
The Golden Age Of Leather"
-Blue Öyster Cult-