FairUse Wizard is the easiest and does not require two different programs to complete the process. Quite easy to use as well
The process can take about 2-3 hours depending on the length of the movie and if you use your computer while the software is running.
I set it up to run and then go to bed. When I wake up, it is done. So a program that "claims" to be much faster does not have that much appeal to me.
Yes, you do have to have a DVD drive. How else would your computer read the DVD?