Of course there is no %100 bullet-proof protection suite, but having some type of protection is better than having nothing.
I worked with WinLicense in Delphi 2009 and Delphi 2010 on Windows XP and Vista. It is a good product with lots of protection options, and customizations. It provides a SDK for developers, and has nice documentation and samples. It also provides a license manager for you. They provide trial download too.
As far as I remember, they offer some customer specific versions too; that means they are willing to provide a custom-built product which is customized according to your needs, but of course that will cost more.
Since WinLicense is a well-known and popular protection suit, many crackers are after it. As you know, the more famous a tool is, the more appealing it is to crackers. But the good thing about Oreans is that they actively monitor underground forums, and provide frequent updates to their products.
So IMHO, if you are supposed to buy a prebuilt protection suite, then you'd better go for WinLicense.