SongSubtitles.org
SongSubtitles.org is a project aimed at cooperatively creating a base of music subtitles. They advertise for VLC because of its ability to display subtitles along with music.
With SongSubtitles.org and VLC, you can store lyrics files on your computer once for all, and have them displayed automatically.
Current Problems
Currently in VLC, one thing prevents subtitles to be loaded automatically under Windows: the use of DOS-type filenames limited to 8 characters. However it will probably be fixed in the next versions of VLC.
