Indeed it does play 2D BR movies. MS have already indicated that they intend to allow 3D BR movies further down the road, its just that their current focus is that of the 'Launch'.
Very happy that I can play Blu-rays in my XBOX One. I plan to keep the PS3 as a Blu-ray player (and nostalgia game box) for a long time. The one in my PS3 slim is a great player.
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