No, the original Pi B can play 1080p video just fine. The video is not decoded by the CPU. H264 and older codecs play just fine. It cannot handle h265 videos as it doesn’t have a hardware decoder for those. Kodi works just fine in fact. The interface is a little bit slow, but actual video playback is fine.

Not for me. Just updated 3 minutes ago.

I’ve been using namecheap for about a decade too. But, be careful with their free email forwarding service. They do not forward all emails. The ones that they consider spam, they proceed to drop silently. There is absolutely no way to access those emails. The service is essentially useless. I have lost several important emails like that.