DVD Shrink is still one of the best ways to process DVD content after ripping it to the hard drive with whatever other program. It is still as helpful and relevant as ever, imo, even when you totally skip the disk ripping / decrypting function. It’s Re-Author mode is about as good as it gets, imo. I use it ALL the time. I bring in a video, remove the menus, extra audio streams (it allows you to listen to each audio stream via a right-click option in the video preview window), extra sub-title stuff and trim out the intro and credit stuff if I wish to help fit it on a single disk with 70% or better compression. DVD Shrin, to me, is the legend that should never die! 
I had stopped using DVD Decrypter for new titles with those new copy protections - UNTIL someone came out with RipIt4Me. It has made DVD Decrypter a relevant ripper again, handling all the new protections very well.
RipIt4Me now has an installer that puts both the RipIt4Me and FixVTS apps on the disk, sets it up to work with alreay installed DVD Decrypter and DVD Shrink, and puts a single icon on the desktop. All you have to do is start it and follow the wizard and you are good to go.
I no longer use DVD43 or AnyDVD, preferring to not have anything loaded in memory.
RipIt4Me is totally worth using, imo. Don’t hesitate to leave DVD Shrink and DVD Decrypter installed. Just make sure to install and use RipIt4Me to get your disks ripped and call that ripped disk into DVD Shrink for tweaking. It don’t get much better when you consider how cool and how FREE they are.
Anyway, that’s how I roll. 