The official Nero/Ahead plugin is
one way- it allows only encoding, and not decoding, due to idiotic Microsoft licencing issues.
But the unofficial Nero plugin by Maussau (it's actually a cheapo based on a console decoder made by another guy) works fine...
http://neroplugins.cd-rw.org/
I'm pretty sure that this plugin is NOT legal, technically speaking, but since Microsoft has not bothered yet to ask for its elimination... oh well.
There are a few apps that work both ways right out of the box, with certain OS limitattions.