I have a subtitle file with a .srt extension, and it's not working in BS Player version "1.00 RC1 Build 805". I checked my settings, and the option that disables subtitles is off. The auto loading thing is off too, and I'm loading the srt manually. Help me, or if you need more information to help, just ask.
Also, I have hosted a copy of the srt at
http://www5.domaindlx.com/Ikoul/the_non-working_sub.srt.