It's free and insanely fast. It's faster than any other DVD to MPEG encoder I've tried.
http://www.alfanet.it/squared5/mpegstreamclip.html
Mac only though but it does MPEG2 which is what you'll want in order to maintain quality.
It won't edit but you can always pay $30 for a Quicktime Pro license which will let you do basic timeline cropping etc...
Or you could FedEx me the discs with a time code list and then be nice to me on my next order of parts
Scott
www.stomachmonkeys.com