In this short clip, I use my Raspberry Pi board to play a 1080p video - Big Buck Bunny. The playback is flawless with no interruptions. The commands used were:
sudo /opt/vc/bin/vcfiled
sudo /opt/vc/bin/ilplayer /home/pi/big_buck_bunny_1080p_h264_ac3.mkv
http://www.youtube.com/watch?v=KGUIePe32Bo
Big Buck Bunny is a short animated film by the Blender Foundation - (c) copyright 2008, Blender Foundation / www.bigbuckbunny.org.