WinCDEmu screenshots

WinCDEmu is an open-source CD/DVD/BD drive emulator
Choosing Disc Type
WinCDEmu 3.6 : Choosing Disc Type

Alternative downloads

DAEMON Tools Pro
A powerful emulation software to work with disc images and virtual drives.
A tool for emulating multiple virtual CD/DVD drives on your system.
Disc image
The Disc image system is an Editor, Converter and a driver.