It is possible to accelerate the conversion between certain formats, like MP3-to-WAV or vice versa depending on what you want to burn, or bin-to-iso etc. just as parts of the burning process itself via a FPGA.
Also I will add to existing community projects like the Kernel Accelerator Device (KAD) and others.
A graphics card will be needed (onboard or via the PCI-slot) for the display which is planned.