In hopes of helping other folks know about a possible solution to this issue, i'll just keep posting updates on what Corel Support and I find out.
The root of the issue seems to be the fact that VideoStudio doesn't detect my DVD Recorder. If you have this issue, you may want to refer to the following link for a possible fix to your issue. I tried it myself and it didn't work so for me, there's a deeper issue. But, maybe if you have this problem, the link below can offer some slight chance of hope.
Source: Corel Customer Support ------
VideoStudio 11 may have difficulty detecting your DVD burner. Attached is the knowledge article that you can follow to resolve this issue. The steps here are still applicable with your version of VideoStudio.
Title: No burner detected
URL:
http://support.corel.com/scripts/rightn ... 1178118999