Well I picked up a burner and read through a number of posts, faq, and guides. The good news is everything worked and was able to back up some of my DVD's that are in rough shape!
After I ripped the DVD content and placed it on the hard drive I used DVDShrink to (obviously compress it to fit ).
Can anyone tell me if the burned DVD is of any less quality because it is compressed? Will there be any noticeable difference in video when playing back on my DVD player?