Reading the BluRay disks is another thing. With a combination of MakeMKV (currently in a time-limited beta) and Handbrake you can copy/convert BluRay disks to a different format and with assistance from MakeMKV and VLC you can watch them by following a process that is outlined here and summarized below:
1) Open bluray disc in Makemkv and then click Stream.
2) Click http://192.168.0.180:51000 (for instance) to open your default web browser.
3) Navigate to the title, something like http://192.168.0.180:51000/stream/title0.ts
4) Then paste that link in VLC in the File | Open Network (command N) in the URL section and voila watch your bluray on Mac directly off the bluray disc in VLC.
5) Do not try to stream or play in Firefox or Safari it just won't work.
I confirmed all the above works although its all a bit touchy in terms of the quality of VLC and MakeMKV.
Your alternative is a long conversion process, or just go play them in a PS3 or other standard player. Steve Jobs evidently frowns on BluRay.