Updated 28 January 2011
A few notes and clarifications :
What I call the Virtual Media Library is often also called the Virtual Media Repositor y (VMR). IBM documentation uses both terms.
the syntax for creating the virtual optical device was incorrect. Details within the body of the post below.
You may also be interested in an article of mine in the IBM Systems Magazine on the Virtual Media Library: Media Release - Keep software and OS backups handy with... [More]