~$ uname -r
2.6.26-1-686


~$ ~/.mplayer/config

.......... 

######brightness=25
brightness = 10
contrast=25
hue=0
saturation=15

# Specify default video driver (see -vo help for a list).
vo=xv

# horizontal frequency range (k stands for 1000)
monitor-hfreq = 31.5k-81k

# vertical frequency range
monitor-vfreq = 56-75

# Keep the player window on top of all other windows.
ontop=yes

# Specify default audio driver (see -ao help for a list).
ao=alsa

# DVD: Display English subtitles if available.
slang = en

# DVD: Play English audio tracks if available.
alang = en

# get a default OSD font from fontconfig
fontconfig = yes
font = "Bitstream Vera Sans"
subfont-text-scale = 3

###
# LIRC Remote Control Settings Crap
# add nolirc=1 or lirc=0 to your config
# or pass -nolirc on the CLI
lirc=0

### device for dvd
dvd-device=/dev/hda


#######################################################
--------------------         NOW!      ------------------
#######################################################

When the Gieger Counter sound started emitting from my poor DVD drive, these other options were ALSO SET!  

    fs=yes
    bpp=24
    cache = 4096
    cache-min = 20.0
    cache-seek-min = 5



Above options have been commented out now, and the Movies do play, but also mess up once i start tweaking the speed (accidental key presses) or volume params ..  then it fails with the same error messages, BUT atleast no more horrible NASTY NOISE!!!  ugh!!

The one option i ENABLED was ===>  framedrop=yes <--- was previosly Commented out. Enabling this seemed to help playback atleast - and along with commenting out the other above ones, STOPPED that nasty noise! ... ugh

 
thanks