No, this is not a one step conversion. You need to make .vob file out of a DVD. I have no experiance with this program and i feel
pocket divx encoder may be a better choice as it is optimized for pdas (thats not to say this program isn't.) Compared with fairuse the conversion is quicker and the overall quality at the end is better (and a smaller file size). Theres a great tutorial in the tutorial section, on how to do this, it's definately worth checking out. I also paid for DVD cataylst (see my PDA) which is one step conversion, and is great for ppl tight on hard drive space. The overall quality is pleasing, and can also convert normal files, this in my opinion is the best paid for program.
EDIT: DVD shrink 3.2 is an excellent vob creator