I would guess the issue is due to Filters installed by a CD/DVD burning application such as Roxio Creator or even iTunes, they have drivers that are installed that "add functionality" to your current DVD/CD writer and an cause issues.
The following is from a Microsoft Kb but they don't mention deleting the driver in device manager after clearing out he filters, you will want to do that afterwords and then reboot the pc.
1 - Click Start, type regedit in the Start Search box, and then click regedit in the Programs list.
(note) If you are prompted for an administrator password or confirmation, type your password, or click Continue.
2 - Locate, and then click the following registry subkey:
HKEY_LOCAL_MACHINE\SYSTEM\CurrentControlSet\Control\Class\{4D36E965-E325-11CE-BFC1-08002BE10318}
(Caution) There can be many instances of the registry subkey that is mentioned in step 2. You must make sure that you are in the appropriate registry subkey before modifying the UpperFilters and the LowerFilters values. To verify that you are in the appropriate registry subkey, make sure that the Default data value is DVD/CD-ROM and the Class data value is CDROM.
3 - In the right pane, if you have UpperFilters, right-click UpperFilters, and then click Delete.
4 - Click Yes to confirm the removal of the UpperFilters registry entry.
5 - In the right pane, if you have LowerFilters, right-click LowerFilters, and then click Delete.
6 - Click Yes to confirm the removal of the LowerFilters registry entry.
Exit Registry Editor, and then restart the computer.
You can see it in device manager though right? – Vervious – 2010-04-16T04:34:01.083
Yes, I can see it in the device manager. But it has a yellow exclamation icon on it. – Senthil – 2010-04-16T08:27:26.653
2The yellow icon means that Windows found something wrong with the device, whether a driver issue or resource conflict or anything else I don't know. I'll reply to the other comment later when I get on my own computer (I'm on a borrowed computer right now) – Vervious – 2010-04-16T19:36:58.367