Here is another one, even costlier then John's burner ($39,95).
Virtual CD
The Virtual CD program not only lets
you create virtual drives-you can
create virtual CD burners, too. A VCD
virtual burner can be used with any
Windows application just like a
physical CD/DVD burner. You can put
together your choice of CD content,
even video DVD material, and burn it
on a virtual CD. This is a great way
to test the results without wasting a
physical blank. And that's just one
example of the possibilities.
A virtual drive that has been
configured as a burner can also be
used as a virtual encrypted hard disk.
All you have to do is insert a virtual
DVD-RAM in the virtual burner, which
has the same properties for reading
and writing data as a hard drive, and
activate the optional encryption
feature. Absolute data security, easy
as 1-2-3!