but your cdrw drive must support overburning to 99 minutes. I know lite-on does but I am not sure about others. Most Plextor burners only go up to 90 minutes. Other brands only goes up to 93 minutes. There are significant percentage of burners out there that can't do overburning at all. Furthermore, many cd-roms can't read anything 90 minutes. So, you might be restricted to reading 99 minutes CD on CDRW drives. On a side notes, you can burn 1.4G HD-CD on high quality 700MB CD-R if you have an Optorite or Sanyo CDRW. However, you can only use the HD-CD on HD-CD capable CDRW drives or DVD-Rom with firmware supporting HD-CD.
IMO, I think you should just go buy a DVD-burner. You can get a NEC 2500 8X burner for $120 on Newegg. Once you start using DVD-R, you will never want to burn CD-R unless it is for playing on your car's stereo system.