External BD Drive and an iMac - Is it possible?

[Mr. Spiffy-Pants]

I'm considering getting either a MacBook Pro or an iMac within the next 4-6 months. I already have a copy of Windows XP Pro to install via BootCamp and I would like to have a Blu-Ray drive so that I can watch movies on my Mac PC in my bedroom. Since Apple doesn't appear to be willing to include a BD drive in their systems any time soon, I am considering getting this Lite-On drive and buying an external SATA enclosure. Money is an issue for me, unfortunately, and since data backup is not a priority for me I am not currently concerned with getting a BD Burner (I've never even burned a Dual-Layer DVD despite the fact that I have a Sony DL +/- burner). I just want to be able to use my BD player in my bedroom on whichever Mac I purchase.

Has anyone else on the forum attempted to do this? If so, what were your results? Do you have any inexpensive SATA 5.25" enclosures you could recommend? Am I correct in assuming that PowerDVD Ultra works in Windows XP without a bunch of HDCP compatability hassle? Is USB 2.0 or FireWire 400/800 fast enough to handle Blu-Ray playback?

Thanks in advance for your assistance!