|Weblog:||NetFlix for Free . . . Plus a DVD-Copying Tip|
Putting on the asbestos suit...
While I commend you for your honesty, you really are likely to still be committing copyright infringement when you rip the DVD to your hard drive if you don't own it. Copyright is an anti-copying right, that is, the copyright holder can tell you that you cannot legally copy a copyrighted work under X circumstances. Would you really ever be liable, no, likely not. But technically you're still copying it in a manner not intended by the copyright holder.
Now if you were making an archival copy of one of your own DVDs, that would be different, but...