No, like the name suggests, this application can be used only with DVDs. It doesn't have support for Blu-ray discs because those discs require additional confirmation, key decryption, plug-ins, filters, etc. This is a standard ripper with features meant to be used only for standard DVD Discs.
I recommend checking the About section for more info about the software: http://www.dvdshrink.org/about.php
