What container do you need this to be in? XviD, mp4, mkv ect? I always use a free program called
MakeMKV to do what you are talking about. After it opens the disk it gives you the options to leave out subtittles, audio tracks and a lot more.
If you need to shrink it down to a more reasonable size Freemake or Handbrake do a good job.
I hadn't heard of Freemake, but I think I used Handbrake for a video I shot with my Canon ELPH 100HS, over the summer. It was a tad too big to upload to Picasa and Handbrake did the job.
I used DVD Rebuilder yesterday, a free download and very easy to set up and use, it's a snap, however the process of encoding a DVD using it takes hours (almost 5 hours yesterday, but the laptop I did it on isn't the fastest). It compressed the ~6.2GB rip I made with DVD Fab Decrypter 4 (another freebie), which had stripped out the non-English language tracks. Burned the result to a DVD-R, and I watched about 20 minutes of it last night, it looked absolutely beautiful.
I'm looking for a way to make dual layer DVD rips of dual layer DVDs that only contain English audio and subtitles. I suppose I could do rips with DVD Fab Decrypter and then use Nero 6 to burn to dual layer DVD's, haven't tried it yet, but I suppose it should work in theory. It's more work than just using Nero, but I hate DVDs with multiple subtitle tracks, I always have to step through them... it's so much easier to just go On/Off.