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I know exactly that along with the release of Windows 8, all kinds of media problems appears gratuitously. So as many of enthusiasts including me restarts the hunting the best supporter of different media formats.
Here I just would like to share some of my useful experience related to DVDs. I heard of this media software Easy DVD Player from one of my friends. After a trial for weeks, it is not bad and deserving your searching.
LOL - Easy DVD Player is terrible. It cost $30, and has many poor customer reviews. That's just a spammer driven rip off intended for suckers who don't realize they can get decent software for free. Hopefully they read IT World and see that Easy DVD Play is a bad joke, and explore some of the GOOD FREE OPTIONS posters have offered instead.
Yes and no...
It's not supported out-of-the-box (as in: the codecs/licenses aren't present) if you just go out and purchase a copy of windows 8. You can acquire them by for example buying the Media Center feature pack.
However, most OEM devices that have a DVD drive will most likely include the necessary codecs required to play DVD's.
They didn't include it in the basic version of windows because telemetry showed that most people never actually play dvd's on their computers. And including the codecs/licenses makes Windows more expensive. So most people were actually paying for a feature they never used.
Having said that, if you get/have a copy of windows 8 pro, you can acquire the media center expansion pack for free if your register for it before the end of januari 2013.