I don't think there's a "Sony" way to rip UMD's yet, but there's probably a way to do it with a 3rd part device & CFW. I think it just means digital versions bought off PSN. Though, I'm no expert on the Vita, seeing as how I don't have one yet. Ofcoarse, with CFW, that means no PSN support, & more & more games are going digital only sadly

For my PSP, I actually have the 1000 for CFW, & the 2000 for all the regular stuff.