Searching through these forums for a solution to my problem I finally found "exactly" the same symptom in this thread:
When I swap CD in my drive, the old CD keeps showing up. If I deactivate/reactivate the drive the new CD shows up but no amount of refreshing, ejecting/inserting helps.
I don't have a CDRW though (it's a standard Sony 52x reader) and I'm running XPsp1 on a new Abit NF7-S 2.0 motherboard with latest BIOS 2.0 and drivers from Abit. (I'm not at home now so I don't have any exact model descriptions)
However, I notice that no replys has been made to this thread so I'm thinking either it's a very simple problem but I'm to stupid to realize that or it is indeed a tricky one.
I'm all new to this so believe me when I say I don't have a clue
I see that there are a lot of talk about enabling the DMA, so I will see if that is on or not and if it can resolve my problem.
If anyone has any ideas I'll of course be happy to receive some advice!