Thanks for the quick response. So the V1 blu-rays were never available publicly. (Just as the V2 DVD's never were)

So the main advantages of the blu-ray V2 would be:

Lossless audio (In the form of dts-hd and pcm tracks?)
better quality video (720p and additional tweaking?)

otherwise it's going to be fairly similar to the V3 DVD's?

Edit: Super glad to hear your computer problems are being resolved.

Edit 2: Just remembered I have a huge box of empty blu-ray cases from discmakers. When these come out I'm totally going to print those awesome looking custom covers and stick these on my shelf.