Short answer is yes. You can and watch the core and important part of it which is the movie and the audio.
i need to word things more carefully. I meant to say that in order to take advantage of Profile 2, you need at least 256 Mbytes of memory storage if i recalled correctly. 1 Gbytes is more preferable i think. You can upgrade without the need of a memory storage, but to take advantage of profile 1.1 and profile 2, you need at least 64 Mbytes to 256 Mbytes for Java interactivity, picture in picture, and multi audio stream, internet download for newer features of the disc.
Honestly, these aren\'t really important since in general we just watch movies and we could careless about those features as they are just "extra". So, you don\'t need to worry about it if your blu ray player is just profile 1.0.
i think picture in picture is like while the movie is playing, you can turn on another video box process alongside the movie you are watching simultaneously and the video box could be the directors, actors, etc. doing commentaries about this scenes or that scenes of the movie. So are the audio streams of the movie you are watching and another audio stream of the commentary, both of which are being process simultaneously for disc that implemented it.
Since I haven\'t own a ps3 or blu ray player yet, so i haven\'t really seen that in person to see how it works though.
