DVD-lovers, start your engines! On Monday, the developers of the free, open-source video transcoder HandBrake released an update that’s small in number change but large in feature additions.

adds presets for the iPhone 4, the iPad, and the second-generation Apple TV; allows editing of queued jobs; includes support for SSA subtitles; can now find the (required for HandBrake to convert encrypted DVDs) in the user’s Application folder; supports the Blu-ray disc structure (but doesn’t decrypt Blu-ray discs); and more.

HandBrake 0.9.5 comes in 32-bit and 64-bit varieties for OS X 10.5 and 10.6 on Intel Macs, but PPC support has been dropped as of this version. You’ll also want the latest version of VLC media player, and make sure to if you’re going to run HandBrake on a 64-bit-capable Mac.

Here are the complete release notes for HandBrake 0.9.5.