In the downloads section is a file called vlc.zip
Get that and download it to your PS3.
In there, you have
1) all the RPM files for VLC including dependencies
2) new yum.conf file to be placed into /etc directory (login as root and rename your original yum.conf to yum.backup or something like that)
3) Go into your terminal and type these commands as root (or type su to gain root privileges):
rpm --import
[Please register to see this link. ]
rpm --import
[Please register to see this link. ]
4) What I did was randomly click the RPM files and move them to another directory as they successfully installed, if I received a dependency error, I'd find the file that I needed and go to install that one. It doesn't take too long.
4) Finally, install the VLC included in this package.
I've been able to play every mp3, xvid, divx, mpeg, etc that I have thrown at this. Also remember the tip that the first poster mentioned (start up YDL in the gnome interface or else VLC isn't going to show up under applications).
Here's the link to the videolan client you need to install.
[Please register to see this link. ]
People have told me that there are some dependencies missing. If you have troubles either search for them or post in here and I'll try to find them.
credit to cohedcollapse
ADDED:
Make sure you delete the # character before baseurl in these files:
yellowdog-base.repo
yellowdog-extras.repo
yellowdog-updates.repo
HOWTO:
1. Log in as root
2. Open File Manager Program (like Nautilus)
3. Select File System -> etc -> yum.repos.d
4. Open yellowdog-base.repo
5. Delete the # character in front of baseurl (ie. change from #baseurl -> baseurl)
6. Click Save
7. Do the same for other 2 files