My recent efforts, which have been quite successful are:
1) oppo dv981hd DVD player (£24 off eBay)
2) Aten vc880 hdmi to spdif converter (ca £120)
3) spdif to m-audio 192 soundcard, capture using cubase 4
4) invert phase (yes odd, but somewhere in the hdmi/Aten the phase is inverted. Aten claim it's not them, so maybe the oppo. Anyway, something to check for in general).
5) manually separate rip into tracks in Nero wave lab
6) compress to flac, bdpoweramp.
Purists might hate the dsd to PCM conversion going on, but the sound is just perfect so far as I can tell.
Indeed I have used the foobar abx comparator to check 88/24 vs downsampled 44/16 which clear ~99% detection in double blind mode.
Man that sounds like a lot of work, and you still don't have DSD. And purists don't do DSD-to-PCM. Purists do DSD native! My ripping is reaching 750 SACDs to-date. It's really not difficult, folks.