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It is possible but takes time, a program called tunebite can remove the DRM and and even compress the files in the mean time. I do this for my bold atm (waiting for the Canadian release of the milestone). The program basically rips from the screen and the quality is near perfect(does require to watch the whole movie), I didnt notice a difference and Im almost done converting my whole library of digital copies. Hope that helps, the site is Tunebite: Start , the software is not free though.