Yes!!
http://ww2.nero.com/nerodigital/enu/DVD_Player_Recorder.html
http://www.iodata.com/usa/products/products.php?cat=HNP&sc=AVEL&ts=2&tsc=&sc=AVEL&pId=AVLP2/DVDLA
+ A cheap Xbox with XBMC plays Mp4's NP what-so-ever
MP4 supports all kinds of multimedia content, multiple audio-, video-, subtitlestreams, pictures, variable-framerates, -bitrates, -samplerates...) and advanced content like 2D and 3D animated graphics, user interactivity, DVD-like menus.
Nero Digital MP4 is a far newer and better container/codec than Xvid/DivX/Avi ...... FACT