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What is in you opinions the best all around media player?
For video (mpg, avi, etc.) Xine all the way.
Personally, for mp3 and other audio, I like the look and feel of xmms.
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When I install Linux, will it almost automatically partition for me?
For the most part it will, although I would probably partiton it myself so I could set it up for future expansion.
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And lastly, when I install stuff, will it be like windows where there is a wizard?
Unfortunately not, but it is fairly easy w/ RPMs (1 command). And the hardes would be tarballs, which are like 3-4 commands. No big deal really.
Having more than one OS on your computer is more like second nature to me (I have at least 3). Doesn't slow ur computer down, just takes up HD space.