Maybe but if it has Macrovision copy protection the AIW, most likely,
won't.
Just connect a DVD player to the AIW's composite or S-Video port and click
Record in the TV app. What capture setting you'd use would depend on what
quality you want versus file size.
digitalfaq.com has about everthing you'd want to know about capture with
an
AIW.
Makes a lot more sense to rip the files from the DVD. They're already
digital. I've used the free program DVD Decrypter to put a couple of discs
on my home network. No quality loss. The 2 I did were easier than capture
but not all encryption is the same. YMMV