Two titles I have installed to do this are:
CDBURNERXP (don't let the XP in the name fool you)
IMGBURN (for other recording needs)
About what 7 does. I found MSFT's efforts to be a nice try but bound up in what a committee would product rather than a feature that would "do that."
Bob
I am new to Win 7 (Home) and cannot seem to find a way to copy cds and dvds. AM I overlooking something in Win 7 that accomplishes copying?
Mary

Chowhound
Comic Vine
GameFAQs
GameSpot
Giant Bomb
TechRepublic