I burned to dual layer on my MacBook 2.4GHz C2D using ImgBurn in Windows 2000 via VMware Fusion. I probably could have used Toast or Disk Utility in OS X no problem, but was interested to see if I could do it through Windows virtualization. Worked great without any problems. Nice to have ImgBurn on my Mac! Anyway, I don't have a PS3 or an HDTV, so I used VLC in OS X to play the .m2ts file on the burned disc and it worked flawlessly. My MacBook scaled it down to 720p for its screen and it looks beautiful. No problems switching through the audio streams either. Ady, nice job mate!

So, on a Mac, burn the ISO to disc and play the .m2ts file in VLC. You'll probably need at least a newer dual core Intel Mac to play smoothly...