I'm familiar with ripping DVDs but are Blu-rays the same? Do they get ripped into a video and audio folders? I'm thinking of having a setup like what you suggested. BTW how do you play the ripped movies? You can't use a networked BR player can you?
Ripping dvds and blurays is the same if you keep the disc intact (menu's, etc). We have a handful of dvd's that are mostly tv shows like Miami Vice and Friends, so for those it's useful to have the menu hence we left it. When it comes to removing stuff I've only done it on blu-rays. 99% of the time I remove it all, although for blu-ray movie concerts like The Police Certifiable for example I just left the disc intact as it's useful to have menu's there. In all cases I rip to folders, it's a one step process with Anydvdhd.
I don't know about networked bluray players, never actually owned a blu-ray player other than the PS3. I use a PC downstairs with Total Media Theater 5, although there are probably other solutions by now. I've been using TMT for so long that I've just stuck with it. In the bedroom I use a Popcorn Hour C-200. It's actually faster than the PC believe it or not at some stuff.
I'll have to spam you for tips when I get my setup going.
No problem dude just let me know, it's actually really easy. You basically need AnydvdHD which is pay software, BDInfo which is free, and TSMuxer which is free.
In our case it is more complicated, as I like to watch movies without subtitles, my wife prefers with English for the hearing impaired, guests usually want Dutch subtitles and when we're watching with our 3yo son we want the Dutch language track when available.
Subtitles and audio tracks aren't a problem, you keep whatever you want. When you load the ripped bluray into TSMuxer, it shows you the breakdown of what's there, usually one video track, a few audio tracks, and a bunch of subtitle data. 99% of the time I remove all the subtitles, but I left the english subtitles on Godfather 1 and Godfather 2 for example as you need them there in parts of the movie. So in your case leave the Dutch subtitles and remove the rest. Same with audio tracks, pick and choose what you want. I had left both audio tracks on Run Lola Run for example. TSMuxer basically lets you make your own streamlined blu-ray movie, pick what you want and remove the rest.
There's actually a side benefit to ripping discs. When you rip them it copies every byte to your pc, and hence is testing the entire disc. So you won't end up in a situation say where the main movie on the optical disc works fine, then two months later when you go to play the extras you find out that part of the disc is bad. If you rip them you know right away if the entire disc is good or not.