Yes, but make sure you have a proper codec. I recommend installing Vista codec Pack + 64bit plugins (
http://shark007.net/) if you have vista 64. Anyway here's a screenshot taken from my notebook using Windows Media Player 64:
http://img521.imageshack.us/im.../161/dzxfhbdxfbpq3.jpg
NO NO NO NO NO NO!!!
DO NOT USE CODEC PACKS! EVER!
I really cannot emphasize this enough.
ALL you need to play media is this:
Media Player Classic HC (the media player)
Haali Media Splitter (a splitter for MKV and TS files)
ffdshow-tryouts (the universal video decoder and post-processor)
CoreAVC (if you want to decode HD resolution / high bitrate H.264 on a slower processor)
Do not get the 64 bit versions! There is no speed advantage, and the 64 bit versions are not feature complete OR stable yet.
Codec packs are fail. They frequently cause problems. Stick to the basics.
I don't know if Windows Media Player will actually play BluRay discs. If so, it surely uses the Cyberlink codecs (assuming you have PowerDVD installed).
I also agree with skipping BluRay burning. It's definitely in its infancy, the discs are hideously expensive, and it's very slow. Get more hard drives to backup your BluRay discs. It's much cheaper in the long run.
Hell, build a cheap little NAS and throw it in the closet. 4TB is stupid cheap
A lightweight linux distribution designed for NAS with ZFS gives you bulletproof storage.
~MiSfit