The lack of gratitude for software that has been available for free to use for over a decade and impatience shown by the community is astounding. Developers have lives too, and when there was an issue shown over purchasing keys, the feature was taken out of commission so no more "BUT BUT I PAID FOR A KEY AND DIDN'T GET IT" forum posts.
Stop the speculating and stop the bitching. You'll get your free software when the dev can manage to get it out there. Or you won't and it will finally come out of beta. Either way, have a little bit of patience. Ripping your bluray collection can wait a few weeks for the dev to sort out whatever needs sorting.