I just run a DVD player's audio out to my mixing board and capture it in real time rather than ripping it. If you want to record just clips of audio on a DVD, this is probably the most effective way of doing it - unless you want to grab a whole chapter's audio. To me, that was a real pain since it used unnecessary drive space. Now ripping tunes from a CD? Windows Media Player can make wma files for you, and Audiograbber can rip wav files for you. Actually, any audio program can do all that for you.
If you have a podcasting kit (microphone, mixer and software - checkout Broadcast Supply Worldwide for some cool deals if you need to), just make a regular DVD player your audio source, and keep the video connected to your TV.
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