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What is it?
Winamp- winamp.exe

What does it do?
winamp.exe - If you're not familiar with what Winamp it is and always has been the greatest MP3 player on the planet. With the last bunch of releases this ranges from a basica media player all the way to a full media solution with ripping and burning all built into a single interface. Originally a "rebel" piece of software its now as commercialized and accepted as anything else out there. AOL actually even purchased it... Doesn't get much more commerical and/or accepted as that.

Virus Precautions:
You'll want to keep an eye on this google search for any known viruses. The normal location of this file is C:Program FilesWinampwinamp.exe