Media centre and dvd ripping
Not sure if this is the right place to post this question but here goes.
Firstly I know about the legal standpoint on this so it's one for the near future.
I would like to rip my dvd's to a NAS or a usb hard drive, several questions here so please bear with.
1. What is the best format to rip commercial dvd's with no loss of quality at all and with all the extra's included. (I know it's not legal in the UK yet but I want to be prepared for when it is)
2. What would be the best way to play the rips? A specially built media PC or some other box. I want to play them on a plasma tv and not a monitor, not too fussed about surround at this point as it's just for a bedroom with no room for an AV amp and speakers. No really, there isn't enough room for them so please don't try and convince me to go that route at this time.
3. Is a usb hard drive fast enough to play back the rips or is a NAS essential to do this. Bearing in mind I want playback with no loss of quality. Could NAS drives or usb drives be daisy chained for storage and playback?
4 What is the best software to do the ripping when it becomes legal to do so. I have a lot of region 2 dvd's and only a couple of region 1's so probably removal of region encoding would be a good idea.
Any help on this would be appreciated as I would like to store my dvd's away. Budget is low as I am currently unemployed and no savings left so anything sub £200 to start with would be good. I can always expand when I can afford it later.
Thanks in advance.