I've had all manner of problems with this particular DVD burner from LG, but only when using it under Ubuntu. Trying to burn using either CDs or DVDs usually resulted in producing a coaster, which is no use to man or beast.
After booting into Windows 7 this morning, I checked the LG ODD firmware update tool and it said that the drive had been upgraded from version TL01 to version TL02 firmware.
I rebooted back into Ubuntu (Lucid Lynx 10.04) and tried burning a DVD ISO image using my trusty k3b application. The drive sounds like a rocket ship and managed to burn my hefty 4.3Gb ISO image in no time at all! Wonderful stuff.
I would suggest that anyone having problems in burning with this particular drive should update their firmware from TL01 to TL02.