I haven't tried it yet, but shouldn't be too big of a deal, there's a few thread on converting video's etc, and when it rips the digi copy it just puts it as either a media player or itunes default, shouldn't be to hard to get it working.
You can't play the digital copies of movies on the storm without removing the DRM from the file. I use tunebite for such a thing and it is well worth the money. The following thread will give you step by step instructions along with pictures of the entire process.