Ripping DVD Collection then Stream to PS3

[Macdaddy4sure]

Last week I began the long daunting process of ripping my entire DVD collection, thus far I have been ripping them with AnyDVD as ISOs. I have since found out that my server is not powerful enough to transcode 720p videos. I have been searching for the last few days the perfect format to "stream" to my PS3. If anyone has any tips on how I should be going about this, please let me know.

Essentially, I need the perfect format/codec and an efficient program to rip the movies to said format/codec.
I would prefer to do the ripping and conversion within the same program. (If possible)

Workstation Specs:
Windows 7 Ultimate 64bit
Intel Core i5 @3.60 GHz
8.00GB RAM
x1 500GB
x1 150GB SSD
x2 1TB RAID 0

Server Specs:
Windows Home Server 2011
AMD Athlon @2.9GHz
6.00GB RAM
x1 300GB
x2 3TB RAID0 - Storage

My current setup: DVD/BluRay >> AnyDVD: Rip to Image >> Workstation HDD >> Server 5TB

If I am seriously missing something, please call don't be nervous to let me know.

[Baldrick]

You are missing a media player that support DVD ISO images. PS3 is not any good media player.