Is audio sync still an issue with ripping/encoding? I used to rip all of my DVDs and transcode to DivX. Getting the audio & video to sync up was always a pain. I've been thinking about ripping my Bluray & DVD collection again (in better quality) since I don't have the room to store my media in the same room, let alone the same floor of my house, as my TV.
BluRays are fully digital so just moving it from the disc into another container on the computer, without touching the actual video and audio data, is a possibility. It's called a "REMUX".