I didn't realize Winamp was still going, anything AOL touches usually dies bloated. If the picture on the homepage is anything to go by, Winamp is definitely bloated and well on its way to rotting.
If anybody might be looking for an audio player similar to what Winamp used to be (small, fast, powerful, easy to use, etc...), check out XMPlay. I could spit out a whole list of awesome to say about it, but you should just check it out and see for yourself.
I wouldn't hold my breath hoping Microsoft would "save" Winamp. We all know how Skype and Messenger turned out. And Windows Vista, 7, 8...