I have the i3 2100 with 8GB ram on a cheaper asus m-atx board (can't remember exact model). I play very high bitrate think 30+Mbps without any issue. You will have zero issue with that. If you do end up having some issues your problem would lie with codecs and not the hardware.
I believe that the only thing you can't do is 3D blurays, but even that I'm not 100% certain about. I use mine with a media portal front-end and it runs great playing anything I throw at it.
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