Thanks OP...your questions give me some ideas of what information to post...let me see if I can shed some light...some of this may be general since my memory isn't too great & I tend to not write anything down

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To begin with when I got this laptop it had windows vista pre-installed...I only played with vista a little & it seems that everything worked ok...could play cd's, dvd's,wireless worked, etc...I had been running linux distros on my desktop pc for a while...always debian or debian-based stuff...so I first installed debian 4 as a dual boot with vista...unfortunately I don't remember if the cd/dvd drive worked with debian or if I even got as far as trying it, since I could never get the wireless working with debian so googled around for a distro that would play well with my wireless(Intel-PRO/Wireless 3945ABG)...google pointed me to some posts on this forum where some people had success with pclos & this particular hardware so downloaded pclos 2007, installed it & my wireless worked out of the box which was my # 1 priority at the time...shortly after that I wiped vista off the hard drive since it didn't seem to want to let me shrink it's partition much, although I do have vista installed in a virtual machine now (virtualbox)...
Here's where my bad memory comes in...With 2007 the cd/dvd drive worked somewhat, but was always problematic...for example when I would insert an audio cd it would take an extremely long time to start playing if it would play at all...it seems like I was able to rip tracks & I was able to burn a few audio cd's (with k3b), but had a lot of failed burns too...I could play dvd's with mplayer, but never was able to burn a dvd...sorry, don't remember much about error messages etc...
So when the big upgrade came along before the release of 2009, I lost my wireless, which was the subject of many forum posts...I tried some of the fixes with no success & ended up waiting for 2009 to be released, downloaded the iso (2009.1) did a fresh install without formatting my /home partition, which gave me my wireless back...after the install I wasn't able to play cd's,dvd's,rip or burn...as I recall I was getting an error message something to the effect that there was no entry in /etc/fstab or /etc/mtab for the device...I went to PCCC, clicked on 'run config tool'...which gave me an entry in /etc/fstab...which was:
'/dev/hda /media/cdrom auto umask=0,users,iocharset=utf8,noauto,ro,exec 0 0'...
Still no luck...it seems that the error message at that point was something like 'can't find /dev/hda in /mnt/cdrom' ...that's probably not exact, but in the interest of trial & error I ran the config tool from PCCC again & changed the mount point to /mnt/cdrom, giving me the present entry in /etc/fstab:
'/dev/hda /mnt/cdrom auto umask=0,users,iocharset=utf8,noauto,ro,exec 0 0' ...
Still no change...& that's pretty much where I'm at now...I just now looked at /etc/mtab & I see that there is still no entry for /dev/hda there...could this be an issue ?...
As to a couple of your other questions...since the fresh install of 2009.1 I have been doing upgrades with synaptic regularly...latest one earlier today...As to behavior when running from live cd loaded into ram...I haven't tried that, but will try it now & post back...sorry to be so long-winded & vague...thanks for your patience...