That's bizarre. Original MacBook 2.0 GHz Core Duo, 2GB RAM, 5400 RPM HDD, GMA 950 graphics chipset of course, Numbers, iTunes, Mail, Safari, and of course QT Player, all open. Spaces turned on, four panes, two with windows in them. 10,000 BC 1080p x.264 trailer, smooth as glass, start to finish. Fan kicked on medium speed right at the end, then went straight down to low speed. (And, yeah, I'm absolutely sure which HD versions of the trailers I played; and I played both of the 10K BC trailers available in 1080p). Replayed one of them, switched to Mail, back, moved some windows, no hitches. I mean, I'm not kidding. But I was told when I bought then thing it would be superb for playing 1080p video, but if I was going to do a lot of 1080p video editing, it wouldn't be ideal.
So I don't get it. Especially the MBP C2D owner who reports some stutters, but of course, not testing with this particular trailer, I suppose.
Added: No, of course it won't play full-frame at 1080p on a MacBook display, so for the sake of argument, I played them on an external display, 1440x900, too. Same deal. Smooth as glass. And we have a BD player, so I know from smooth.