My mate Vla let me know that a new version of the ISO Burner Powertoy has been uploaded to Alex Feinman's webpage. This of course only works with Windows XP.
New features:
1. Copy CD to ISO file
2. If ISO file is on the local disk, the copy done without creating a temporary file
3. XP Themes support
4. Selectable recording speed and "Eject after burn" option
Download: ISO Burner powertoy
View: Alex Feinman's webpage
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