Yeah, I'd definately support that, the thing about xbox is the praticallity of writing software for compressing the video... I'm surprised, that nobody has even tried (or at least to my knowledge). The xbox is fast enough to process the info, but you're limited by only 64 MB of RAM... It would take a lot of time to convert the movie... unless you could figure in some sort of a way to figure in the GPU into the conversion, but there aren't even complete drivers out for the GPU (linux). It would take time, correct me, but I think it might take an excess of 12 hours, due to the processor being 733mHz, and the RAM size limitation.
The program would also have to be somewhat complex; most DVD rippers rip directly from DVD. If you already have the DVD on your xbox, you'd have to use the VOB files. Meaning if you wanted to watch the DVD while it was ripping you couldn't for a period of several hours. Also, VOB files are controlled by the DVD menus, and you may not be able to get every video to work correctly without a complex software work-around. IE, many times the VOB files directly ripped contain the commentary, and you only want the actual video...
So in other words, I would love this, but the demand, I don't think is high enough, especially in most who program for the xbox. Usually to program for a console you need a fairly expensive computer... It would prob be best for you to go out, spend a few bucks on a 1 GHz comp (if you don't care too much about time), since they're fairly cheap, with a DVD ROM and a few gig HDD, and just put it next to your standard comp tower. Put on windows, and dl some free ripping sofware. Fry's has a cord that'll allow you to share you keyboard, mouse and monitor between comps without having to unplug anything. Voila! Instant DVD ripper. <