I tried DVD Shrink with a couple of titles. It seems like a really nice product with a pretty sweet interface. While the price is certainly right,(Freeware) it definitely needs some tweaks.
With the 2 titles I tried, I couldn't really get an acceptable copy. There are 4 compression level options which are pre-defined, prohibiting you from optimizing quality/features kept. On both titles, after much manipulating, the best I could come up with was total output of 3.6gb(poor quality) or an output over the allowable 4.38gb(won't fit on disk).
From reading DVD Shrink's comments on the DVDR Digest website, although the product does have decryption built-in, it does not remove Macrovision. This does not seem to present much of a problem, since I believe most people use DVD Decrypter or Smartripper anyway.
It also appears that DVD Shrink will address the compression level issue so that users may fine tune quality/output options.
All in all this is a great little product that seems like it will get even better. Of course, that all depends on how much effort a Freeware author wants to put into it. "Shrink" could certainly be making money from this product but at this time he is choosing to not even accept donations.
What can I say, Long live free enterprise and long live Freeware!