Well, Terminator Salvation has completed, and it's not bad quality but need to have a fiddle with the settings a little bit. The end result was a 1.5Gb MPEG 4 file, which is about the same as Handbrake creates for a 2 hour film.
First attempt I just picked one of the output presets, second attempt I clicked the "Use High Quality Engine" checkbox and it was noticeably better quality, so I'd recommend ticking that and having a look at the advanced options behind the little "cogs" icon.
Some omissions I've discovered (which Handbrake offers) are that it doesn't seem to have support for creating chapters in the final video file or automatically cropping out the letterbox top and bottom if the aspect ratio is narrower than 16:9. There is a manual cropping option if you click Edit, but it's a tiny preview so it's very hard to see if you're being accurate. However, it ripped this problem disc, which is more than Handbrake could do.
And for free, I'm certainly not complaining! Great find.
