This is going to make the MPAA go absolutely bats: Handbrake, and application that lets you rip a DVD to your video iPod (or similar device). The key is, it's not defeating the DVD encryption schenme; it's simply piggybacking onto the stream created by your PC or Mac player.
Now you know why the MPAA wants utterly hostile crap like PVP-OPM on Windows - they want to lock down the player, and force you to buy a separate copy of content for each device you own. This is a fight they can't really win; at the end of the day, bits are bits. They need to adapt to the changing business environment, and fast - or they'll get dealt with the way newspapers are being dealt with.
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