I know people are itching to get content on their iPods and AppleTVs, that’s why there’s HandBrake. HandBrake can convert DVDs to MPEG-4 and is open source.HandBrake 0.8.5b1 was just released on Friday. There have been more bug fixes and now HandBrake supports the AppleTV and PS3, features surround sound, chapter markers and more. For a complete list of changes, HandBrake has created this handy PDF so you can see every single change in the new version.
Of course, the people at HandBrake are warning that this new version of HandBrake is a beta and may not work as great as the last version of HandBrake.