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Io's atmosphere already interacts with Jupiter's magnetosphere and there is a torus of these particles circling Jupiter. Some of them have enough velocity to escape the system while some hang around.
My best guess is that the destruction of Io would simply be a larger form of this torus. I am not sure, but I suspect the ring that it forms would be less impressive than Saturn's rings due to the volume of space the debris would have to occupy and make up the debris.
All this is just a guess on my part, I am not an expert on the subject matter.
Someone with more knowledge will be around soon, I am sure.
Last edited by Solfe; 2012-May-17 at 03:23 AM.
Reason: edit removed a plural.
Solfe
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'That was tops! Who's not good at math? I was all, "Four!"' - Finn, Adventure Time.