Lyrics Magic is a music player for Windows Mobile devices that displays lyrics while the song plays. It supports Rmp, Mp2, Mp3, WMA, Mpa, Ogg, Midi, and Wav files. To view lyrics, put the same-name lyrics (.lrc) and text (.txt) files into the same folder as the music files.
While I’d love to try this, the problem is that I can’t find any lyrics for the songs I like. 🙁 Most of the songs, I believe, are from newer groups and singers I don’t know.
You can learn more about it from this article. Search for lyrics here or check Google’s search results.
