Hi, maybe what I have in mind is quite common... what I'd like to do is to let my kids watch their favorite DVDs WITHOUT them ruining the discs

I've read through many threads in this forum so basically I know that I need to rip the DVD contents and put it onto a HDD based player so that NO DISC is required. I used DVDFab HD Decrypter to rip the DVDs no problem, but now I'm puzzled to which of the media format would preserve the original features of the DVDs, like menus, multiple audio tracks and selectable subtitles. I've done some search and learnt that those standalone Divx ultra certified players would support this (in .divx format), and I'm prepared to get one of those players and convert the files myself. However, I couldn't seem to find the right tools or the procedure that would allow me to convert VOB to Divx together with all the audio tracks & subtitles. Would anyone please help me out?
(so in short, just want an exact copy of DVD on the HDD media player )

P.S. are there any other formats beside Divx Ultra that would work like DVDs?

Thanks!!