I'm working off a pc these days (so ignore my comments if you are on a mac). Winamp is cool, but I have been using foobar which I prefer usually. Foobar doesn't have a visualizer, but it takes less resources (CP). I still fire up winamp from time to time when I want the cool visuals.
Here's the foobar link
http://www.foobar2000.org/
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