Here is your answer:
What video codecs will Blu-ray support?
MPEG-2 - enhanced for HD, also used for playback of DVDs and HDTV recordings.
MPEG-4 AVC - part of the MPEG-4 standard also known as H.264 (High Profile and Main Profile).
SMPTE VC-1 - standard based on Microsoft's Windows Media Video (WMV) technology.
Cool little website......
http://www.blu-ray.com/faq/