I specifically worded the title "a VLC Media Player" to mean: "I'm trying to build the equivalent of VLC Media Player for the web", because right now there is none. This is the closest, best attempt out there.
I’d be careful making claims about this ending up with more features than VLC. There’s the “coding lots of features is hard” part for sure, but also I’m not sure all of VLC’s stream creation/consumption stuff can be done in the browser since you won’t have direct access to the network stack. And there might be other things I don’t know about that can’t be done in the browser.
I'd suggest either dropping the "VLC" or write "VLC-style" or "VLC-like" to make it clear.