VLC 1.0.0 doesn't play PGS subtitles from M2TS Blu-ray files
VLC 1.0.0 doesn't detect, thus doesn't play, PGS (Presentation Graphic Stream) subtitles from M2TS Blu-ray files.
Here are some sample files with PGS subtitles:
http://www.sendspace.com/file/6o2tsf