For those of you out there who encode their own high-def content from Blu-Ray discs and are looking for tools to get it all done for you (minus the ripping from the disc) then keep reading.
I came to this conclusion after fighting with meGUI for three days straight, trying everything in the book that I needed something different.
Enter ASXGui. It does the EXACT same thing as meGUI does but it just might encode your video with the audio still in it (should you choose to keep the DTS-HD MA or TrueHD tracks).
I'll get around to writing up a guide in the next couple days for those who want one (if there isn't one already) but my suite of tools is rather simple, but very powerful:
1. AnyDVD HD -- Sure, it's not free, but at 50 Eur or $66 Usd, it's worth it. Updated constantly with the latest AACS and what have your for BD and DVD alike, I LOVE this app and cannot live without it. I'll use this tool to rip the disk to my hard drive. Make sure you have up to 50GB of space for each disc.
2. eac3to/eac3toGUI -- If you want to mix down your DTS-HD MA or TrueHD tracks to play on more players (non DTS-friendly), this'll do it for you in about 10 minutes or so (depending on processor speed). Turns your DTS into AC3 and spits out a file.
3. TSMuxeR -- Some BDs come with just one fat M2TS file with the whole feature film. Some companies like WB especially will split up the M2TS file across 10, 20, or even 100 smaller M2TS files. Typically they'll be split up by chapter. This allows for more fine control of you use special features that control the story or inject commentary clips during the film, like Inception (one feature stream has the film, one has the film with commentary/behind-the-scenes blended in; watch out for those). If you run into this, TSMuxeR will look at your stream playlist and reassemble/merge/splice/connect/attach all of the respective M2TS files together in their correct order, spitting out a new M2TS file. You CAN split up audio with TSM... I suggest you don't. It seems to take a tad longer than eac3to does.
4. ASXGui -- When you have your audio and video, throw your video track into ASXGui and tweak to your heart's content. Give it your audio track and when it's done recoding, it'll splice and dice the two together, giving you a file of your choice: MPEG4/h.264, MKV AVC/h.264 or BD AVC/h.264. If you use iTunes for your content, the MPEG4 option allows for better iTunes importing as well. How it does this, I don't know. All I know is that if it's not checked to be iTunes friendly, there's no chance unless you recode the container.
And that's it!
I'll include links when I write up a better how-to. If there are folks interested, let me know and i'll write it up.
If not, I'll let it be at this. I figured it's great knowledge for the media geeks on 7F.
Oh and PS: the h.264 encoder only seems to use 2 cores so if you have a 4-core or higher processor, feel free to do other non-encoding things, you won't harm anything.