Best Software & Setting to archive DVDs?

in iPod + iTunes + AppleTV edited January 2014
There seem to be a lot of video experts here, so I thought I would ask about this.

I want to be rid of my DVD collection after archiving them digitally.

I may get an ATV or a Mini. Haven't decided.

That said, I want them to look great in 720p playback on an LCD and be suitably archived for future standards (i.e. not to lose valuable information that is currently on the DVDs themselves).

What software would you guys recommend?

What setting would be suitable?

ATV? Dedicated Mini? Something else?
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