I fixed it. But I think I had to break it to do so. Roxio no longer recognizes my drive as a viable burning location, but I didn't use it anyway. Its up to you.
Here's what I changed:
1. I went into the registry and removed the upper and lower limits (the upper limits look like they were set by GEAR, the apple engine ppl).
2. I deleted itunes and re-installed it (again, I had tried it before). This re-established the upper limit.
3. I had been using imation CD+R cds, I went and spent some more to buy Sony CD+RW cds to try.
4. Changed the itunes burn speed to 24x( it worked but instead of only taking 2-3 minutes it now takes 14 min.), I did go back and set it back to maximum speed and it continued to work at the same speed.