i got the "ripping" sorted out.
i have successfully ripped 2 blu-rays so far. takes the original file of ~35GB *and* the dolby digital audio and rips it/shrinks it down to ~8-10GB.
one major problem...
it takes about 16 hours!!!
i think im just gonna build a bare bones quad core system just for this purpose. the quality of the rip is the EXACT same as the original blu-ray.
i am using a 3.2Ghz dual core w/ 4GB DDR2 now. im thinking that quad core and double memory (although more processor intensive than memory intensive im sure) should cut this down to a more manageable time of about 6-8 hours. (maybe even less)
-Marc