The Shark007 codec pack lets
The Shark007 codec pack lets you choose between DirectVobSub and FFdshow subtitles by checking the appropriate box in a control panel. Give it a try; it uninstalls cleanly if it doesn’t work for you.
I was initially against installing a mega codec pack such as Shark007 at first, but after much trial and error with different standalone codecs, I’m glad I finally did. I have a bunch of Anime episodes encoded with Ogg from long ago and the codecs included with Shark007 will play it. Saves me the pain of transcoding everything.
I’ve been ripping my Blu-Ray discs to MKV using MakeMKV. It retains the original bitstreamed audio track. It’s free to use while in beta; the author provides a key here: http://www.makemkv.com/forum2/viewtopic.php?f=5&t=1053#p3548