I’ve recently discovered an excellent text-mode media player for Linux and other UNIX like OSes. The C* Music Player (cmus) uses curses for it’s user interface and is operated in a similar way to the Vi text editor using commands.

It is light on recourses and intuitive to use. It can play FLAC, Ogg/Vorbis, MP3, WAV and many others. I’d recommend checking it out.