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Yes they work.
Yes there is a way to rip a DVD and burn it to a cd and it WILL play in your regular DVD player. (Even if it won't, who cares? Get a decent video card with video out and hook it to your tv.)
Thing is, a ripped DVD takes about 6 gigs of hard drive space and it takes forever.
Go to Google and do a search on "how to rip DVDs". There are a few very specific and detailed tutorials listed on the first page of returned search results.
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