heh, surprised no-one knew this:
CDs really have more then what they list, simply for error correction. I believe its called parity, or something like that. after all, what happens when one of those 700 million bytes has a 0 instead of a 1 in it? or what if there's a spec of dust on the CD? or a scratch??
Audio CDs use that for all of the data, IE no error correction (AFAIK though, I'm probably wrong on that part).
think about it, an 80 minute 16 bit 44100hz sample rate, stereo WAVE has to have 846 720 000 bytes, or about 846 megs. that's more then an 80 minute DATA CD is *supposed* to store, not becuase the WAV file includes extra data (it's in its RAW form when in PCM WAV).