Guys, let me pose a scenario and you can tell me where I'm going wrong ;)
Why on earth would anyone even think about spending close to £1000 on a blu-ray player? It makes no sense at all. I'm not saying you might get a slightly better picture (over, say, a PS3), but we're talking marginal differences here.
I've ripped by blu-rays to my NAS drive, with excellent results. For instance, I've noticed that the picture rendering of my NAS-sourced ripped blu-rays appears to be better than, say, my slimline PS3. As the picture processing is handled completely by my BV11, it handles the colours and black levels more effectively. When it's handled by the PS3, there's different a noticeably different in colour level. Much darker. Great picture, but I'm not a fan of the colour-rendering from the PS3.
So why not just rip your blu-rays to a NAS drive? Not only do you get better picture processing via your B&O TV, you still get the HD picture and audio, plus all your movies are there, accessible, within seconds, from your B&O remote. Plus you can use the said NAS drive for other content, such as your FLAC audio files and your favourite family photos. You save £1000, which you can use towards a new B&O TV.