So, now I can download Lost to my video iPod the next morning for $1.99 from the iTunes store. My head just exploded in a media orgy.

UPDATE: I found this tutorial on the apple site - preparing your home movies for iPod. It looks to me like it's now just a two step process to rip a DVD with handbrake and then export it to iPod via iTunes. Which could probably be converted to a one-step “drag DVD to iPod” droplet with automator. Which of course, would be very illegal and very wrong, so don't do it. I'm just saying, that's all.