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Errr I doubt it shinester, you need a dual core atom with Nvidia's ion for smooth blueray playback. At least official dvds with encryption.
I'm answering the original question to the thread - he has a seperate thread in the CPU section for whether or not his CPU is appropriate.
A standard Atom platform with the 945G chipset couldn’t even attempt to play a Blu-ray movie.
I'll change it to "will be fine" then as some people seem to have missed my subtle underlined link
Q. Do the GeForce 8800 series GPUs include the same video processing capabilities as the new GeForce 8400, GeForce 8500 and GeForce 8600 GPUs?
No. The GeForce 8800 uses the previous generation of PureVideo HD. This is because the GeForce 8800 is usually paired with more powerful dual-core CPUs and our goal is to achieve balanced use of all the processing power in your machine. With the GeForce 8800, it makes sense to let these powerful CPU cores handle functions they do well. But with the lower-end GPUs, which are usually paired with less-powerful, single-core CPUs, it is better for the GPU to take on the entire video decoding and processing task and the new PureVideo HD engine has been enhanced with these chips in mind.
Q. Does PureVideo HD support both Blu-ray and HD DVD?
Yes. PureVideo HD provides hardware acceleration for decoding the compression routines used on both Blu-ray and HD DVD movies: H.264, VC-1, and MPEG-2.
you can run blue ray off a powerfull cpu with no gpu