You need to share more information to get a good answer. What computer are you using and/or processor and processor speed? On a G4, I've seen movie encodes take 1X hours to complete. Newer, faster machines get the job done a lot faster, but a "couple of hours" tends to be a good general rule.
It looks like you are encoding for
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TV. Are you using the
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TV preset in Handbrake? Are you customizing any settings? For example, 2 pass vs. 1 pass can make a big difference in encoding times too.
Are you ripping it first to your hard drive (faster) and then using that file for Handbrake, or trying to encode it via Handbrake directly from the DVD (slower)?