Noob home theater on my computer

Sorry if this is long. Bottom line we bought a samsung led (6000 series) and want to make sure we've got 120hz w/ 1080p. I'm looking to buy an emachine and add a blue ray player and tv tuner to it so I can use it as a player, dvr, internet/email checker, and stream tunes from my other computer (upstairs). No FEA analyses or any gaming stuff. I might play a game or two if I can but it's not needed.


Here's what I'm planning but have no clue if they'll give me what I need.

http://www.newegg.com/Product/Prod [...] 6883114071
http://www.newegg.com/Product/Prod [...] 6827136162

emachine
AMD Athlon LE-1640(2.6GHz)
3GB DDR2
Graphics Integrated NVIDIA GeForce 8200 Graphics
Audio 6-Channel (5.1) High-Definition Audio
Motherboard
Chipset NVIDIA GeForce 8200

player
LG CH08LS10 Blu-ray/DVD combo

I can't find squat for info as to if the hdmi out is 1.3 or if any of this supports 120hz @1080p. I tried hooking up my company laptop to my tv and got 1680 x 1050 w/ a 1.3 hdmi cable so I don't know what's up w/ that and don't want to wind up buying something where I'll regret not just getting a regular blue ray player. Me and my wife watch a lot of online tv, have an hd antenna instead of cable, and stream netflix. We don't have a ton of money and I was hoping to do all this under $600. From what I've seen here w/o the high end speakers I can do this for about 500. Any ideas would be greatly appreciated.