I'm sure I probably chimed in on this way back when, but x years after giving up on 'home theater PC' type programs, and going to h/w based network player systems, I still say unless you're really a penny-pincher (and really, since you're taking a $xxxx dollar machine whenever you want to play something that's pretty suspect!), getting a h/w box to do it is by far the better choice.
The cheapest and best ones out there are pretty cheap. The absolute newest are around $250, whereas used older models (still work good) are <$100. A far cry from dedicating your $xxxx dollar pc to that task. I started out years ago with a Popcorn Hour A-110 (still works great), and upgraded to something that played BR/MKV DVD/BR discs. You really should look into it, and there are lots of competitors out there that will have the features/price that you're looking for.
So, stop trying to find some s/w that will turn your $xxxx PC into a media player, and get a real media player.
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