Tom, what kind of file sizes are you getting for your final rips? What quality settings to you generally use in Handbrake, and what format are you saving as?

A while back, I thought about doing the same thing you are, but in my initial tests I could never really get the quality where I wanted it versus the file sizes. I would end up with a 2GB file that looked just as poor as a 4GB file, but that might have been on my computer monitor where for some reason most of these DVD rips look much worse than they do on my TV...
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Matt