There is a way, albeit difficult, to burn a standard DVD-R to a kinda BD readable disc. It involves using AVCHD, (BDMV?) and kinda like this (note, I have not done it), rather than a pure BD format and it only works on the PS3 and a few BD standalone players.
Quote:
process for menu-less AVCHD:
1. Pull .ts file off cable box
2. Edit and clean file with videoredo. Save as .ts
3. Run .ts through VLC Media player to save as .ps MPEG file
4. Use TSRemux to create Blu disc structure
5. Copy files to DVD-R using Nero
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