$ mplayer -dumpstream mms://the.link.just.found
This procedure is for Macs.
Trasfer the *.ts files locally (recommended)
Open the files with
MPEG Streamclip
Fix timecode breaks (command-F)
Select the start of the section to convert (I and command-K)
Select the end of the section to convert (O and command-K)
Demux the file (you'll get a .m2v and a .m1a file):
With Toast 8
Show the info about the video (command-I).
If the resolution is 544×576, 528×576, 480×576 use “Demux to headed M2V and M1A”
If the resolution is 720×576, 704×576, 352×576 use “Demux to M2V and M1A”
With Toast 9
Open Toast
Done !

This procedure is for Macs.
Trasfer the *.ts files locally (recommended)
Open the files with
MPEG Streamclip
Fix timecode breaks (command-F)
Select the start of the section to convert (I and command-K)
Select the end of the section to convert (O and command-K)
-
Open the .mpeg file with ffmpegX
Select “AVI DivX” as preset for output
Under “Video” select a sensible bitrate and size (resolution, 4:3 vs 16:9)
Under “Filters” select “deinterlace”
Encode
Done !

This procedure is for Macs.
You'll need Mpeg Streamclip >= 1.8 and the DivX Pro codec >= 6.6
Trasfer the *.ts files locally (recommended)
Open the files with
MPEG Streamclip
Fix timecode breaks (command-F)
Select the start of the section to convert (I and command-K)
Select the end of the section to convert (O and command-K)
Export to AVI selecting:
DivX Pro Codec
720×576 frame size
Deinterlace video
Done !

This procedure is for Macs.
Insert DVD, start playing it, exit DVD player (command-Q)
Launch Mac the Ripper.
Select:
Select Go and save the DVD content on disk
-
Open the first file (VTS_01_1.VOB or something) and agree to the popup telling to open all the files.
Do not fix timecode breaks
Select Convert to TS with… / MP2 Audio
Save the file with a sensible name, in a sensible place
Transfer the .ts file to the Dreambox, using Cyberduck (or another ftp client)
Done !

Open Disk Utility
Select the the disk
File > New > Disk Image From…
Use CD/DVD master for the image format
Save the image
You'll get a .cdr filte that's - in fact - an .iso file. You can rename it to .iso if you like.