Cat, the simple answer to your questions is Yes... Getting everything to play back ect, is a little more tricky but not too terribly hard.
You can rip the DVD's to the computer, then you just have to get a program that will play the files on the disk, just like the DVD.. It has been many years since i have done this, so i can not advise you as to what programs to get today.... Sorry..
Oh, also you will need LOTS of hard drive space... Each DVD is about 4.7 gigs... Blue ray is 20gig's i think... But with storage being pretty cheap i think it is more affordable now than it was 5 years ago.
