This argument would outlaw a USB flash drive, "Your Honor, this device can store the contents of this 30 old game, it needs to be outlawed to protect all intellectual property"

So you're saying, because it would rip straight to another cartridge, it could be argued it's streamlining distribution?

I would hope that a court would see through that argument. There's a pretty good track record of allowing personal use of personal property. But I wouldn't be surprised either if they convinced a court that this was explicitly for distribution purposes.