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Works fine for me (and some others). I'm using W8 X-64 and the 64 bit version of VLC (2.0.5).
Windows 8 blu ray player FREE
Same should work on W7 -- can't see any reason why not (although I haven't actually tested it yet on W7). If it doesn't work - I'm only trying to provide some info here for you -- VLC usually works for anything I've ever thrown at it.