Yep , just goto nero > CD > VCD > add the files u wanna > if re-encode say yes > burn disc > wolla ur disc is ready ! (including all the process round bout a 20 min job)
For Divx :
I use virtual dub cause its free and i'm used to it
import file > video > compression > Divx
audio > compression > mp3
save as avi > done !
Install Divx codec if u dont have it !