Rip to the hard drive and use Handbrake, or Xvid4PSP. They can accept dvd-video straight, without conversion to mpeg2. Both Handbrake and Xvid4PSP are free to download and use.
Use the free section of DVDFab, called DVDFab HD Decrypter to do the actual decryption and ripping to the hard drive. This free section will continue to work even after the trial for the main part of DVDFab expires. It is still being updated to deal with new protection schemes as they appear.