The development of DVD Shrink has ended. There will be no newer versions released. (Unless decided by the author for a very good reason, such as bug fixes.- http://forum.digital-digest.com/showthread.php?s=&threadid=47344 )

The reason why the development ended is simple. He actually got a job with Ahead Software (also known as Nero). He developed Nero Recode. If you have used Nero Recode, you will notice a great similarity between the two. (Most differences are only cosmetic but, generally how it operates is the same.) Nero Recode unlike DVD Shrink cannot "decrypt" or "break copyright protection", as that is illegal. To over come that is easy, first rip with DVD Decrypter 3.5.4.0 or later. Nero Recode is faster than DVD Shrink, yes DVD Shrink still has some advantages.

All in all, DVD Shrink is still a great tool for backing up your DVD library.