.MDS files and Virtual CloneDrive

Is there a way to convert MDS files ( http://en.wikipedia.org/wiki/MDS_file ) to a format that can be read by Virtual CloneDrive ?

Is there an equivalent media descriptor file format for ISO, CCD or any image format that Virtual CloneDrive supports? If there is, please suggest good programs that are preferably freeware that can convert to that format.

Note: I prefer not to use Daemon Tools to avoid CD/DVD burning problems with its SPTD driver. Please see this thread from the Imgburn forums regarding this: http://forum.imgburn.com/index.php?showtopic=11238

MagicIso will convert image files to different formats. It also has a virtual drive emulator component called MagicDisc.

If you convert mds images to iso, some information may be lost that is necessary for the image to be fully functional. This will depend on what the mds image is of. Converting to ccd might be the better path.