Seems
Slashdot gave a favorable review of it.
Personally I've been sticking to Winamp 2 because it's fast, lite, and small. Crazy skins with alpha-shading are cool and all that, but annoying - all I want is something small to play my MP3s in the background (or rather, at the top of my screen) that doesn't take up 50% of my computer's resources. The 5-second bootup period of Winamp 3 also turned me off. Maybe I'll try this Winamp 5 now...