On the 2nd January 2008 Sony are releasing Resident Evil: Extinction is the first Blu-ray movie to use profile 1.1. It is promising to be the most technologically advanced blu-ray movie ever as it will feature true picture in picture and 'Blu-Wizard 2' which will allow your player to 'remember' your viewing preferences for the movie, even after you have ejected it.
Sony are going to want to be sure that the biggest market of Blu-ray consumers, PlayStation 3 owners, will be able to take advantage of these features. So expect a firmware update by the end of 2007.