Since May of this year, VLC has been desperately looking for Mac developers to help out on the project, but it appears none have stepped up to lend a hand. As of this month there are basically no Mac developers working on VLC, and as a result the project is nearing the end of development for OS X. This is bizarre to have happen given the rising popularity of the Mac; however, this is the nature of open-source projects, which require the active support of the community.
Major bummer. VLC is awesome.