Or, you could take the route I took:
Purchase a modified DVD Player, such as the Panasonic RP-82, from
http://www.jvbdigital.com and then pair it with a Panasonic DMR-HS2 set-top DVD-Recorder and produce nearly flawless reproductions at will. The modification provided on the RP-82 strips both CGMS and Macrovision protections, for archival/fair use purposes only, of course.
Granted, it's Digital to Analog, and back to Digital again (two components connected via an S-Video cable) and you loose the "special features" on the disc, such as DD 5.1, menus, subtitles, etc. But who really looks at that stuff more than once anyway?
The beauty of the DMR-HS2 recorder is that it has an internal 40GB drive, so you can dub the source out of the RP-82 onto the drive of the DMR-HS2 and then watch it at will. If you like it, you can then dump it to the onboard DVD-R drive.
While it's true that Philips produces a DVD recorder with component INPUTS, it lacks an internal hard drive, and records on the less-favorable DVD+R/W format, whereas the Panasonic uses the more popular DVD-R format. The DVD+R discs are still quite a bit more expensive. I can get good quality DVD-R media for well under $1 each in bulk.
Before you ask:
No, you cannot dump a commercial DVD directly to the hard drive of the DMR-HS2, they weren't that stupid.
Otherwise, it's so choice...
I highly reccommend picking one up if you have the means...
Cheers,
Rob