WOW...so many replies....
Actually, I had just borrowed my friend's NFS-UG2 CD for a few hours and needed to permanently mount it as a virtual drive on 2 PCs.....
WHen I searched for Virtual CD creators, All I found were demos/sharewares which troo were ~30-40 MB downloads which'd have taken me an hour to download......
SO what I did was posted the query on TE, and got a nice reply from sonnyboy in less than a few mins......
I had the Nero suite on my PCs and never realized it already has a utility to do this.....
As for the ISO creation , in the hurry, I could not spot any option in Nero for disabling deletion of the iso....so i started a CD copy, copied the image file from the Nero temp directory to another folder, and cancelled the burn...;-)
Then we had a 4 hour long LAN session till 3 AM with some 5 KFs for company. ;-) ..Now am all groggy eyed in the office....