It's not just bloated, it's a damn liability.
I've had the relatively benign G2 version for ages, but I needed Real Player 8 for the new Lord Of The Rings trailer.
This piece of crap makes so many attempts to 'phone home' it isn't even funny. ZoneAlarm Pro picked up 4 or 5 separate incidents of RP trying to contact mothership. Each time the connection was refused, RP would crash in a heap. All of the registration, automatic update and other such nonsense defaults to ON, so make sure they're all off before you connect.
Anyway, after about 10 minutes of friggin about with the damn thing I finally got the trailer running in fullscreen - looks pretty nice! However RP8 has a nasty habit of shutting the machine down when you want to quit the clip. Not just a crash, no BSOD, just MACHINE OFF. Instantly.
Dreadful.