It would help if you indicated the make/model of your TV and AV receiver. Also, indicate how you are connected, ie: HDMI>AV>TV or something different.
Just for future reference, there is no need to update firmwares in order. You can go from the oldest firmware, to the newest firmware in one step. Also, the driver update cannot be downloaded from the LG website. You need to have the BH200 networked to the internet and run a network update to get the newest driver (this is what makes the actual disc reader run). There is a link to a 3rd party hosted download for the latest driver in the firmware thread if you cannot connect the BH200 to your broadband.
If it ain't in HD, it ain't worth watching!