Downloading went reasonably well - lost server on first try but downloaded successfully on second attempt. The install was very easy and quick. Started the program and went right into the main menu. Very nice.
Blu-Ray can be selected under "File" and "New". When Blu-Ray is selected you can choose the type of video, including AVC. The audio selection was slightly disappointing since the only options are PCM 2.0, AC3 2.0 and AC3 5.1. I was hoping for PCM 5.1 - haven't seen this option appear yet on any of the lower priced encoders.