Comprehensive HD Authoring Software Compatible With Windows 7 - 64 bit?



I’m looking for a big all-in-one comprehensive HD Ripping/Burning/Encoding Software Package that is compatible with Windows 7 (64 bit). Cursory searches yielded little. Any suggestions?

My objective is basically to have something that can cut Blu-Ray movie rips in half (file-size wise) with only little noticeable loss, so I can fit multiple movies onto Blu Ray discs or separate DVD discs as mkv. But also to rip Blu-Ray or HD DVD and encode them out to mkv files of about 4.2 GB size so they could fit on DVDs.