Join Date: Jan 2013
Location: Long Island, NY
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Dvdfabhd has a free ripping program. Google dvdfabhd free. Been using it for years, though i finally paid for the limetime license. It allows you to rip either the full movie, or just the main movie with your desired audio track. You can rip to straight folder, bdmv folder, or to ISO. It does iso automatically when imgburn is installed.
If you use a htpc you have unlimited possibilities and really can have anything you want. The only downside is the size of the computer, unless your using an nuc, and the additional work of maintaining an operating system. And the price.
If you go with a set top box like the wdtv live smp, kdlinks, boxee, etc, you will have to research and prepare your media a specific way to play nice with these. There are limitations with all of them. For instance, i just got the wdtv smp and it doesnt have a license to play dts ma. It will just play dts core. Not a huge deal but you seem to want 100% pure rip.
These set top boxes are great for simplicity, plug and play, no OS mainentence, small footprint, small price. Do yourself a favor and get a dedicated htpc if you want all that you said in your post.
In the past i used windows 7 media center for my dvds, and powerdvd to play my blu ray rips. All my movies are catagorized with the program "my movies" which provides all the metadat, cover art, etc. but i am in a transition phase currently.