In my opinion I would return the Magic 2 and order a Messiah 2 from Charlie_PS2 or Dust2Dust....
Use the search button and do a search on "ripping"... You will likely find all of your answers....
It is possible to rip a dvd game to fit on a cdr....
I personally dont.... Too much hassle... (at least for me

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DVD writers are coming down in price... That is the way I would go if I were you....