iPhone 4 And Blue-Ray Movies..?

Jul 1, 2010
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Okay well one, I have a ton of Blue-Ray movies, and I don't want to have to pay another 14$ for HD Movies on iTunes, and I don't want to use Limewire to download movies because it's just to risky.

And now I'm about to buy the iPhone 4 but I was wondering if there's a way I can transfer my Blue-Ray Movies onto the iPhone 4.

Is it possible?
And how many gigabytes would it take up per movie on average?
 
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