I just gave the latest VLC nightly a try with BD subtitles ripped with MakeMKV.
This is the first time that I see a software player capable of handling the BD subtitles. They display fine.
http://nightlies.videolan.org/build/win ... 0504-1625/
Allthough on my Core I7 based machine its jerky playback when I turn the subtitles on. So its not usable.
But still, progress! Give it a few iterations and the world of software players have caught up with MakeMKV.