Thanks for your very detailed and helpful comments. The V1 is good, and it is even more useful with the surround sound handling function build in. But the only problem is the V1 is a bit small for my living room. However, the V1 might be a good choice for my bedroom. I have been to a B&O dealer last weekend and saw the V1. The sound quality is superb.
From your explanation, I guess it is better to have a updated AV receiver with surround sound connecting to B&O speakers. And I can just buy a simple bluray player connect to the av receiver through HDMI. In this set up, the sound and video quality would be good enough. Am I right?
However, through research, I have found some of upscale bluray players have features such as: HD Surround Sound from Dolby® TrueHD and DTS-HD Master Audio™ Essentia. Does this mean the bluray player can process surround sound if they have these features? Then will bluray players with such features conflict to the surround sound function in AV receiver? Or, I got it all wrong, such bluray players just compatible to Dolby® TrueHD and so on, not actually decoding surround sound. Example of bluray player with such feature:
http://www.uk.onkyo.com/en/products/bd-sp809-57924.html
Many thanks,
Bai