There are no specific drivers for CD drives. The O/S provides all that is necessary. If your problem is with the drive itself the best thing to do it select in device manager and press the remove button. Restart the machine and it should be picked up again and reinstalled. If you continue to get this message afterwards there is likely to be a corrupt registry entry. If this has only just started happening could you use System Restore to roll back.
As stated Windows provides the basic driver for CD/DVD-ROM and rewriter drives and this is all that is required - most people get drivers confused with firmware and whether the latter should or should not be updated.
Windows has to make a CD driver available initially from a bootup disk otherwise you couldn't install the OS from a CD-ROM.
If you look in System Information>Drives you will see CDROM1 (CDROM2 etc) drivers included in your drive(s)' detailed information.
The Problem turned out to be damaged Registry Entries caused by the (probably badly handled) uninstallation of Kazaa Media Desktop.
I found the answer at: click here;en-us;314060&Product=winxp
Article NO: 314060 is abaout what can happen after an uninstall of Easy Cd Creator, but uninstalling Kazaa seems to have had the same effect.
After deleting the offending registry entries, I found I had to re-install my copy od ECDC too(which I hadn't uninstalled to begin with...actually I found that there was an update available and that did the job anyway) but it wasn't ECDC that caused the problem, I am sure it was Kazaa.
Device manager was saying that the drivers were missing or damged but it was a bad registrty entry that cuased the drives to disappear. Be warned !