ANSWERS: 2
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No. DVDs are not the same as CDs. They are different technologies. You can burn a Video CD with a 700MB CD-Rw, but not a DVD. Similar concepts, but different products. A single layer DVD holds about 4.7GB of data. 700MB is less than 1 GB. So, the data on the Video CD would be compressed far more than on the DVD, resulting in lesser audio and video quality.
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The short answer is no. The longer answer is that most DVD players also support a format called VCD, which is video on a CD, but at much lower image quality than a normal DVD.
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