Or just read all the posts above yours, download the Flip4Mac intel components at the link Mac Medic posted above and quit fiddling with your installer and opting apps to run under Rosetta - I thought we passed that issue with the first F4M/UB release months ago...
Regarding VLC, you must not be running a current version. I beta tested the VLC intel versions for months with the group, and as it has always been back in the PPC days, there is no better platform agnostic free media player out there - period. If your are getting error messages trying to run WMV under VLC, you should check the app specs as to what VLC will and won't play - it does not and never has supported WMV3. But just about every other container, codec or input source is golden, and transcoding/export/conversions are an added bonus QT charges for....it's a scary powerful app if you know what you're doing...
http://www.videolan.org/vlc/features.html