does it do this with any cd or just one particular disc?
i have heard of cds not being recognised but never heard of a drive showing previous cd info before.
can only suggest you try all the usual: windows update click here or try uninstalling your drive via device manager and restart the computer,windows will reinstall the correct drivers for it again.
try updating your motherboard ide/chipset drivers too from the mobo manufacturers website.
try flashing the cd drive firmware as a last resort click here