I have a Panasonic DMP-BDT110 configured in Mezzmo (2.5.0.0) with the Panasonic BDP profile. Tanscoding HD videos will work, however, they will be downgraded to SD as the following log shows:

Code:
D:\Applications\Mezzmo\ffmpeg.exe -i "Z:\Video\Divx\SomeVideo.mkv" -y -vcodec mpeg2video -b:v 8600000 -maxrate 10000000 -bufsize 5000000  -g 18 -r 29.97  -vf "scale=720:406"  -acodec copy -sn  -f vob  -threads 4 -pix_fmt yuv420p -copyinkf -sc_threshold 1000000000 -coder ac -qmin 1 -cmp 2 -subcmp 2 -flags +loop -mbd bits -bsf h264_mp4toannexb -fflags +genpts+ignidx+igndts -deinterlace  "Z:\Transcoded\D8482CA2-3508-4927-8D87-1D2E98DC2963\Video\6945-mpeg_ntsc-mpeg2video-ac3.mzt" 

ffmpeg version N-36036-ga40f43d, Copyright (c) 2000-2011 the FFmpeg developers
  built on Dec 22 2011 13:44:49 with gcc 4.6.2
  configuration: --enable-memalign-hack --arch=x86 --target-os=mingw32 --cross-prefix=i686-w64-mingw32- --enable-static --disable-shared --enable-zlib --disable-postproc --prefix=/media/ffmpeg --enable-libmp3lame --enable-libx264 --enable-gpl --extra-libs='-lx264 -lpthread' --enable-runtime-cpudetect --extra-cflags=-I/home/dennis/cc/include --extra-ldflags=-L/home/dennis/cc/lib --pkg-config=pkg-config --disable-w32threads
  libavutil    51. 32. 0 / 51. 32. 0
  libavcodec   53. 46. 1 / 53. 46. 1
  libavformat  53. 27. 0 / 53. 27. 0
  libavdevice  53.  4. 0 / 53.  4. 0
  libavfilter   2. 53. 0 /  2. 53. 0
  libswscale    2.  1. 0 /  2.  1. 0
Input #0, matroska,webm, from 'Z:\Video\Divx\SomeVideo.mkv':
  Duration: 00:49:43.64, start: 0.000000, bitrate: 4307 kb/s
    Stream #0:0(eng): Video: h264 (High), yuv420p, 1280x720, SAR 1:1 DAR 16:9, 23.98 fps, 23.98 tbr, 1k tbn, 47.95 tbc (default)
    Stream #0:1: Audio: ac3, 48000 Hz, 5.1(side), s16, 448 kb/s (default)
[buffer @ 01b20080] w:1280 h:720 pixfmt:yuv420p tb:1/1000000 sar:1/1 sws_param:
[scale @ 01b208a0] w:1280 h:720 fmt:yuv420p -> w:720 h:406 fmt:yuv420p flags:0x4
Output #0, vob, to 'Z:\Transcoded\D8482CA2-3508-4927-8D87-1D2E98DC2963\Video\6945-mpeg_ntsc-mpeg2video-ac3.mzt':
  Metadata:
    encoder         : Lavf53.27.0
    Stream #0:0(eng): Video: mpeg2video (hq), yuv420p, 720x406 [SAR 406:405 DAR 16:9], q=1-31, 8600 kb/s, 90k tbn, 29.97 tbc (default)
    Stream #0:1: Audio: ac3, 48000 Hz, 5.1(side), 448 kb/s (default)
Stream mapping:
  Stream #0:0 -> #0:0 (h264 -> mpeg2video)
  Stream #0:1 -> #0:1 (copy)
Press [q] to stop, [?] for help
[mpeg2video @ 01a46e40] rc buffer underflow
frame=   44 fps=  0 q=2.0 size=      54kB time=00:00:01.43 bitrate= 308.3kbits/s dup=9 drop=0    
frame=   80 fps=  0 q=2.0 size=     278kB time=00:00:02.63 bitrate= 864.0kbits/s dup=16 drop=0    
...
No maximum video size is defined in the performance tab in the device profile (manually setting it to 1080 doesn't change anything), video bitrate is set to best quality and the connection is set to gigabit.

I tried to change the profile to Panasonic BDP (MKV) or Panasonic BDP (MPEG-TS). In that case it transcode in HD but no video seam to work (even SD video).

Thanks in advance for the help.