timbosan:ScottStevensNZ: Typically my mini will be able to rip a 45 minute TV show in 15-20 minutes. It usually averages about 50 frames per second - but I am not using H.264 which will tend to rip the content in near 'real time' per pass. I also use 'Average bit-rate' and set it to 1000-1500KB/Sec. A full feature film will take about half the time to rip as the films length, sometimes less. If the disc is dirty it may take more time. Typically I don't have any other apps open when ripping though I can watch a movie off of disk at the same time.
Ah ha, I think the Apple TV profile has 'constant bit rate' of about 2000kb, and uses H.264, so it will be slower. Wish I had it in front of me to check, but I think the options the profile uses just makes it slower. I will try on a movie with different options and see.
Its always best to rip in the best quality you can - something that I will regret later on most likely as I have gone for speed so do as I say not what I do lol. Your rips with those settings will be better than mine although from a couch on a 32 inch 720P Sony bravia without my glasses I probably wouldn't notice. The trick is to find the quality/time trade off that is most acceptable to you nice thing is that handbrake makes this nice and easy :)