I'm impressed with Kodi which would fulfil most of your requirements. Picture and audio quality are excellent.
It supports BR ISOs but not full menus (unless you add an externalplayer such as PDVD) and is best suited to MKVs. There's an excellent add-on for Amazon instant Video and several for live TV. Recording TV is still a bit clunky and not a route I've gone down. I believe there is a Now TV add-on but I've not tried it.
Setting up does require quite a bit of work and it depends what kind of solution you want. I notice from your signature that you're using a HTPC. Did you buy something off-shelf, or build your own configuration? What made you opt for a HTPC over a Mac Mini?
Trinnov Altitude 32-8-16, Meridian 271, Front: DSP7200SE, Centre: DSP7200SEHC, Rear: DSP3200, Ceiling Front & Rear: DSP320.2, Sub: Velodyne DD15+, MC200, Oppo 203, Sony VPL-VW360es, Lumagen 5348.
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