Does anyone know an easy way to convert an uncopyrighted NTSC DVD to PAL?

[meths]

I thought about ripping each track to AVI then burning the files as PAL using Nero 7 but I think that's about 4 hours encoding each way.

Is there an easier way than this?

 

[meths]

This a total pain and as I was doing it for a mate and not myself I think I'm just gonna give him a few options on how to do it and leave him to it.

If anyone else is interested there is also a program called DVD2SVCD that can do it but you lose the menus due to the way it's done. Decent quality conversion though but it can take up to 16 hours.