As promised earlier, the VLC team has released a update for Windows Phone which fixes many bugs. This is update for the private beta users hence those who haven't enrolled for the app can't download it. Thomas notes on twitter that VLC will come to Windows Phone only when they have a high quality code, which I guess will take a lot of time. This turns to be a sad news for the ones who are waiting anxiously for the app but it is better to get a full app than to have a broken one.
Here's the Store link for those 10,000 users who signed up for the Beta.
Download it from Here.