I use a Netgear ReadyNAS Duo double drive NAS box to store all my DVD's.
ReadyNAS Duo - RND2110, RND2150 & RND2175 .
DVDFAB is the software I use for ripping the DVD's. It is easy to use and is reliable. I save the films as a .iso file which is a "disc image" which avoids having lots of files per film.
DVD Copy Software from DVDFab | Copy DVD to PSP, DVDR or iPod
I was going to buy a Western Digital media player to play the films on my TV but I found a Medion media player in Aldi's for £59.99 which is excellent.
If you want to play the films on your computer, I find the free VLC media player program very good.
Both the Medion Media player and VLC will play the film directly from the .iso file