The only thing I've seen that's in active development is Songbird. It's almost a direct clone of iTunes, but with a larger choice of music stores in the left pane. It's also slow.
Panic software had a good MP3 player a while back, it almost ended up being iTunes. They have a good story posted at their website about that.
There are a few good MP3 players for OS X, but I haven't found any combination music player/music library applications other than Songbird.
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