MagicISO
MagicISO is a powerful CD/DVD image file editor, CD burner, and CD/DVD backup tool. It can directly create, edit, extract compress and burn ISO files, It also can convert almost all CD/DVD image formats to ISO/BIN/CUE. With MagicISO, you can handle DVD image up to 10GB; make cd image files from... 10. ... Make bootable ISO file. ... Edit ISO file in many format(such as Nero burning ROM, Easy CD Creator, CDRWin, CloneCD, BlindWrite, etc). ... You can convert almost all image file formats, and save it as a standard ISO format file.
http://www.MagicISO.com/Setup_MagicISO.exe - 2Mb - Download - Screenshot

MagicDisc Virtual DVD/CD-ROM
MagicDisc Virtual CD/DVD-ROM is very helpful utility designed for creating and managing virtual CD drives and CD/DVD discs. MagicDisc can create virtual CD and DVD, Mount ISO image and CD/DVD images as virtual DVD or CD. Encrypts ISO image and Compresses ISO image and CD/DVD image with... Partner with MagicISO, Your original games/program discs can be safely stored away, MagicISO mean that you always have your expensive media stored safely as CD/DVD image file on your hard drive, and use them with MagicDisc just like using the original discs.
http://www.magicdisc.net/setup_magicdisc.exe - 1Mb - Download - Screenshot