All i did was to let anydvd do its thing, when it was done in a few seconds, opne mhc-hc and selected file, Open DVD, and in the path just selected the drive with the disk. Leave it at the root and don't look for the video files.
Thats all i did. Right now i'm still just using the trial version of anyDVD because i'm still testing some other stuff.
The build of mpc-hc is the current/older one they have on their page from late 2009, 1.3x on a clean win xp and win7 installs for tests. That one has some issues with some disks and their codecs. The newer build that comes with the current k-lite codec pack (mega) works fine. To get hardware acceleration you have to add filter blocks to block ffdshow. At some point i hope to look into compiling my own build from their current sources to try it with no additional codes installed.
Also, if you have xp and want to play directly from the disk, most likely you will need the udf 2.5 driver to be able to view the disk contents, otherwise it just appears to be an empty/blank disk. In my search for the udf driver i read that some people's xp installs could read them and speculation was it was included in some media center only update. I never found out for sure. If you can't see the disk contents of the blu-ray disk then you can't play directly from the disk. It is my understanding that vista eventually got the udf driver from microsoft. I don't have nor want vista so i can't say for sure if it does or not. Win7 will read all of the few disks i have on a clean, non-updated and updated install without a problem.