Don’t you need to break the protection in order to rip (or at least encode) the video?
And I use Netflix, is it okay to rip a DVD to put it on my iPod and then send it back. I usually watch it before the next DVD comes in the mail, and I just delete it after I watch it.
Why even bother deleting it after you watch it? just keep the damn movie, and while you're at it burn yourself a copy ftw