Welcome to onlineDJ.com Peter!
Well I think Microsoft MEDIA PLAYER 7 (or 8... the latest version) has dozens of effects like this. Also Winamp and its plugins.
http://www.microsoft.com
http://www.winamp.com
these are not "designed" for this kind of application only, theya re Media players basically (ie playing any sound or video file) but they do have this stuff int heir features. The microsoft player is quite cool as it is easy to install and comes with all these effects.
I think there is a way to display the visualization fullscreen. at least Winamp does fullscreen easily.
Good luck man
See you around