I actually started using this application not long ago, I've come to enjoy it quite allot, it has the abilities to make SVCD's, DVD's, and VCD's, you just go to the video tab, and name the disk what you would like, choose the format you want to burn it in, and then you add the media you want to be burnt to the disk, it'll encode it and burn it. I'm not sure about real format though. I've never tried it.
.... Just tried it, it'll give you a warning about the file being incompatible, it'll then ask you if you'd like to convert it to mpeg, say yes and choose the destination where you'd like burn to save the converted file, it'll then add it to the burn list once it has finished converting the file. You then can burn it like any normal disk.