Real Alternative is a nice free replacement of the Real Player. It allows you to play Real Video/Real Audio files with Windows Media Player Classic, Windows Media Player or any other DirectX based players.

Unlike the Real Player, Real Alternative doesn't bother you with ads or other unpleasant stuff. After trying Real Alternative people never return to the Real Player

Google for Real Alternative to know more and to find a download source.

Nice thing about RM Recorder is that it can record Real streams when you watch them (Pro or Ada mode) even if you have Real Alternative and not the Real Player.