Ask Engadget: What's the best way to store my media collection?

We know you've got questions, and if you're brave enough to ask the world for answers, then here's the outlet to do so. This week's Ask Engadget inquiry is from Michael, who is suffering from a storage crunch. If you're looking to ask one of your own, drop us a line at ask [at] engadget [dawt] com. "I'm a bargain-basement kinda guy, and I've picked up lots of DVDs cheaply during the sale season(s). I was planning to rip my collection with Handbrake so I could watch them on my iPad, but my 1TB HD...