You can still get lifetime updates for AnyDVD, which will break encryption for you. It is rather expensive when you choose the lifetime version. But it won't compress the movie to fit onto a single layer dvd. You can use a free compression program like DVDShrink or DVDRebuilder in combination with AnyDVD and get results that are as good or better than Fab.
So that would be a good alternative, just not an all-in-one solution.