No version of Studio has ever had this feature (well, except maybe late S10/early S11, which could "encrypt" your DVD soundtrack so that most DVD players couldn't play it back...but now I'm just being mean
).
Ulead DVD Workshop can't do "encryption", either. All it can do is try to mess with the disc structure/layout/contents to make whole-disk copy programs fail...but even that isn't foolproof.
Bottom line: If you can play a user-burned DVD back in a DVD player, you CAN extract the content from it. You may not be able to (as easily) copy the entire disk (menu structure, etc.), but you CAN extract the video and audio streams, and that's where the real value lies.
Heck: You CAN extract vids and auds from COMMERCIAL DVDs with "real" encryption...so what makes you think that cheap consumer tools can be any more successful?
If it makes you feel better, you can try to do some of this, and you'll probably slow down the people who try to do whole-disk-copies. But the folks who want to "rip" the content and transfer it to a file e.g. for their ipod, PSP, etc.? You won't do anything more that be a minor annoyance. If it's a DVD -- If you can play it, you can rip it.
BittMann