Free to try (Allows 15-minute connection at a time); $20.57 to buy (Buy it now)
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From Blue Lion Software:
NetDVD allows you to play DVD movies, audio CDs, games and install applications on a netbook, laptop or desktop PC that has no CD or DVD drive; and to burn CDs/DVDs on a netbook, laptop or desktop PC that has no CD/DVD writer. NetDVD adds a virtual DVD drive to your Windows netbook, laptop or desktop PC, which connects to a real CD or DVD drive on another computer connected to your network. Version 1.1 adds support for mounting ISO files.