Curt Self aka Modsyn has released an altered version of his jMEnc2 open source encoder, now it will convert your DVD's into PSP compatible MP4 files with the simple click of a few buttons easy enough for almost anyone, as well as allowing more advanced customization for more experienced users. With Modsyn's addition, you are allowed two different ways to obtain video from your DVD:

DUMP - quick dump that uses the first found audio track with no automatic cropping
CROP/ENCODE - longer process that allows you to autocrop black borders and choose audio language.

To install, first download jMEnc2 and install it to your PC. Then, download the jMEnc2 Update, extract the contents to your jMEnc2 install directory, and then run "Update.exe".