It looks like ME is supported according to these specs:
Lite-On 16x10x40 CDRW, WITH ATAPI-INTERFACE BURN-PROOF.
E-IDE (ATAPI-4) interface 3-in-1 drive: 16X CD-R, 10X CD-RW, 40X max CD-ROM 140ms Average Random Access 2 MB Buffer Records highest quality audio CDs Capable of Digital Audio Extraction at 40X max Supports CD-DA; CD-ROM (Mode 1); CD-ROM (Mixed Mode); CD-ROM XA (Mode 2, Form 1 and Form 2 and Mixed Form; CD-I; Photo CD; Video CD; CD-Extra; CD+G; CD Text Compatible with a large number of CD-R and CD-RW media Burn-Proof technology eliminates buffer underrun errors in fast write modes, allows for multi-tasking Flash ROM allows for easy upgrade over the Internet Windows 95/98/2000/ME and NT4.0 Compatible Supports Disc-at-Once, Track-at-Once, Session-at-Once, Variable & Fixed packet writing modes Comes in a retail box, which includes manuals, cables and drivers.