Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
One last option I just thought of is that something else is using too much ram or too much processor. Check your activity monitor for extreme processor usage (idle is a few percent) or not enough ram. You should have several hundred megs of (free + inactive).
 
Thanks for the recommendation for PLEX!!! That did the trick for 1080p video play back. Though I'm still disappointed that QT couldn't do it! Where do I go in QT or Plex to find the bitrate?

im not sure if plex can check the bitrate, open the movie in quicktime and hit :Apple: + I. it will bring up a window giving you details. easy as :)
 
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.