When I thought about this before, I imagined the situation like this:
I can have a 650MB bootable partition on my hard disk. When I boot from this partition, I can run HD Installable games by clicking on their icons. I should be able to fit quite a few games on this partition.
Making a bootable CD, would just be a case of burning a copy of the the partition, taking into account the requirements for making a bootable CD on the CD32 - such as the .tm file. Can anyone explain why this wouldn't work?
Regards