newest version of the MakeMKV utility streamlines the entire process into one click. The 3.5MB program, which is available for both Windows and Mac OS, will decrypt and rip your Blu-Ray disc to a MKV file that contains whatever video and audio streams you want. It'll also package selected subtitles tracks into the file, though it won't hard embed Forced subtitles onto the video.
Download MakeMKV ( alt link), install it, and launch the program. With a Blu-Ray disc in your drive, click the big Open Disc button. MakeMKV will decrypt the disc and show you a list of video tracks. Select the largest one (usually the one with the most chapters) and check the audio and subtitle tracks you want to include in the rip. The other video tracks are for menus and special features. Finally, click the Make MKV button to start the ripping process.
The current MakeMKV build is the 1.5.2 BETA, which is a free download. Blu-Ray ripping is free on a trial basis for 30 days, and the full version of MakeMKV is $50. Considering that a 1-year license of AnyDVD HD is $85, this isn't a bad deal at all.