The problem, unfortunatelly, is on your computer. DVD players use their own built-in MPEG decoder. SO they can play VCD and SVCD files without any MPEG2 decoder(external). BSPlayer must use an external decoder, such as Elecard (sometimes I saw it working with Power DVD's codec). Never had any problem with it, even on Spider Man 2 SVCDs. They play ok.
I encountered this problem on some machines that once had installed codecpacks and after uninstalling them nothing worked any more (generally Ace Mega codec and Nimo). And the sole solution was "just" a Windows reinstall.
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