You may want to do a little research on that drive before you buy. I had a PCRW804K (sold as "CDRW 800 Series") that disintegrated over a period of about 8 months. Usage was very light. I think the thing burned about 15 CDs before it quit completely.
A trip around groups.google brought up a truckload of postings of people with the exact same problem: output power calibration fails, the OPC area eventually is written full, and the CD-R becomes unusable.
There are also some references to it not liking cheap CD-Rs. Some people recommend updating the firmware, but that seems to invalidate the warranty. And I spent a day finding the necessary files because Philip's website is a complete disaster (built for IE, different paths onto the site lead to different results, claims not to know the CDRW804, ...)