Can import from CD Drive, but not burn

Must be the filters then, as in the threads.

Try another drive. Or install Wavelab 32 bit instead of, or in addition to 64 bit. Because either of those would probably take care of it.

You could write to Gear and they could probably get it sorted out:
http://www.gearsoftware.com/feedback.php

but it should be easier than this, and normally is.