do a search for "psl2" that should lead you to the patch for dvd decrypter.
ImgBurn is the program by the author of DVDD. It's basically just a pimped out burning engine. ripping with DVDD and burning with ImgBurn is a great combo.
anydvd or dvdfab are probably the 2 most used and most updated programs around for decryption at the moment (in my opinion and from my experince!)
shrink is still a very good program once you get the files decrypted and ripped to your hard drive. definitely don't toss it just because it's no longer updated. You'd be hardpressed to find a free transcoder as good as Shrink.
all that being said, my personal favorite for it's simplicity and immediacy of updates are anydvd and clonedvd2 from www.slysoft.com granted these are not free, but you can get a 21 day fully functional trial to give it a shot.
all the other programs I've mentioned are free.