CdrLabel is the premiere shareware tool for creating labels for your CDR, CDRW, and CD-ROM disks. It stands out with it's ability to produce nicely formatted catalogs on these labels.
What's new :

Support for slimline CD cases
UNDO, back out of changes
Text file exporting of labels
Cut and pasting of text and images
Help button in all interesting dialogs
Resizable main window
freedb Database retrieve and submit
CDPLAYER.INI support and updating
Column customization on a per-page basis
More spine customization and space available
Fixed-aspect ratio image scaling (SHIFT while resizing)
Horizontal or vertical snapped image motion (SHIFT while moving)
Catalog file dates instead of sizes
Print only booklet
Metric/English units
Size customization
Directory-first sort ordering
More image formats: PNG, TIFF, PCX, GIF (non-LZW), and JPG and BMP
International language support (coming soon, contact earle@cdrlabel.com for more information)
More info:
hxxp://www.cdrlabel.com/index.html