What is the best software protection?

Thanks to all for answers.
But please ArC and Squidge post links please to these engines.

And please tell me the following.

Assume, the program is protected by whatever SW protection like Armadillo and ASProtect, bought officially and is registered on certain computer. Assume then, that the user, bought the program is a hacker. As he bought the program oficially, so, he has all decryption keys for the program and theoretically he has study, how the protector is working (for ex. by downloading protector's trial version) and then unwrap an application using keys, oficially purchased.

If al above is right, then, cracking the program protected by SW protectors is only a task of time and hacker's brain. Nobody can prevent hacker from dumping application's memory. He can used also hardware ways to do this as I know.

This also is about simple wrapping application by Alladin HASP.

I am not a security specialist, I am guided only by logic, but is all I said right?
So, the only way for an application is to use pure encrypted information for whatever, that must be decrypted by a dongle, which dump can't be read? Because CopyMem II protection in Aramdillo can't be considered uncrackable, because if decryption keys are known, it is no problem for a hacker to decrypt certain memory pages....