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For a playlist, consider using iTunes. iTunes certainly has playlist functionality and simply utilizes QT under the hood to play audio/visual files. Can't help you on the scheduling functionality though.
I'm sure you can write a short applescript to tell iTunes to play a certain playlist, then set that script to run in iCal at a certain time (alarms). Or maybe the way you do it is save the iTunes playlist as a file and set that to open from iCal. Maybe if you describe what you want it for exactly it will be easier to understand.