I'm aware of Realplayer and Winamp, but do any of you know of a small, compact media player that I can use in place of these monsters? (I realise that winamp is quite small but I don't really like it)?
I swear by Quintessential. Its small, very effective, and has many many features (like fading in /out tracks atc). There are many skins, it uses very little memory and processor power, and its reliable. Its also free.