@BlindAngelman You need first to check if your laptop drive is indeed a Blu-ray drive, not a plain DVD drive. Insert a Blu-ray movie in the drive, and right-click Properties on the drive in Windows Explorer. Ignore the Type, just check if the Used space
is something like 40 GB (actual size depends on the movie, but it should be much bigger than the 5-7 GB of a standard DVD.)
Try also to expand the BDMV\STREAM folder of the disc in Windows Explorer: You should see a bunch of .m2ts files, the biggest usually being the actual movie, the other smaller ones being the FBI warning, some trailers, bonus files, etc.
I assume that since your laptop was advertized as Blu-ray capable, it already has appropriate processor and graphic specifications.
Now that you have ascertained that your drive is Blu-ray capable, you need to purchase a third-party (i.e. non Microsoft) Blu-ray software player, as Windows Media Player, Windows Media Center or free media players such as VLC are not able to play Blu-ray discs
natively.
There are only 3 Blu-ray players on the market worth considering:
Arcsoft's TotalMedia Theater 5
Corel's WinDVD Pro 11
Cyberlink's PowerDVD 12 Pro or Ultra
All have trial versions you can download and try for a few days.
Determine first what features are important for you and dedicate some time to compare the products, as the trial duration is rather short. You probably already have one of these evaluation versions that came with your laptop, if it was sold as Blu-ray capable,
but it might be an old or feature-limited version.
My own criteria are usability, integration with Windows Media Center, and ability to play Blu-ray discs ripped on the hard drive (as plain files and folders, not as an ISO image), as I rip all my DVD and BD to hard drives in order to build my movie library
and avoid looking for and inserting a disc each time I want to play a movie. It's also a good way to share movies with friends and family, although it's probably better to not just rip, but also convert the movie to a smaller size for that purpose: Even if
your friend has a 64 GB USB flash drive that can fit the whole disc, it would take ages to just copy it.
Beware that most reviews on the web are sponsored by specific software editors, try to find independent reviews and blogs, and user feedback before making your choice. AVS forums are usually a good place to start (TMT5,
PWDVD.)
Because there are so few contenders in the Blu-ray software player market, the players are extremely expensive, and some editors (like Cyberlink) even stop updating them with the new movies' signatures, so you may be forced to update to a newer version for
big bucks if you want to watch recent movies. I consider Blu-ray players a scam right now, that's why I would love to see Microsoft enter the market with native Blu-ray playback in Windows.
If you plan to build a movie library, which is the whole point of Windows Media Center and Windows Home Server, Blu-ray (and DVD) copy protection measures prevent you from doing so even for this kind of personal fair use. You need another (expensive) software
to do so, Slysoft AnyDVD HD is the best (and kind of only one) there is. It allows you to rip (i.e. copy) your own movies to your hard drive (right-click "Rip Video DVD to Harddisk" on the Notification
Area icon) or to play the movie from the laptop to a TV that does not support HDCP (Blu-ray's anti-copy features.)