This file isn't properly tagged. Did you use apetag ? If yes, it doesn't properly support UTF-8. You should contact his maintainer.
Xmms break on it, as BMP which is unicode. Foobar2000 (on windows) also report invalid characters.
If I hexedit the file to use the proper UTF-8 value, your tag is displayed fine under xmms.
I recommend Ex-Falso as a good unix tagger.