The LAN card can wake the computer and so can the keyboard and mouse, PS2 or USB, so it's normal for these to stay powered by default.. for everything to go off, you need to cut power off completely... doing this can affect sleep mode which is saved to RAM but not hibernation which is saved to file.. Hibrid sleep which is combining the sleep mode with hibernation settings is not affected by powering off the computer completely.
Activate Hybrid Sleep on Windows PCs
http://www.dummies.com/how-to/content/activate-hybrid-sleep-on-windows-pcs.html
There's no telling how long a CD/DVD drive can last.. some die with little use, others last much longer... some lose the capacity to read or write, DVDs can stop reading CDs or DVDs, etc.
The grinding noise you hear must be a worn motor bearing, this may cause the motor to spin slower and that may be why it takes longer to read.. it may eventually stop reading because reading takes a certain speed. On the bright side of things, disk burners are becoming very cheap... you can now buy a CD/DVD burner for half (or less) of what you paid 10 years ago. Blue-Ray burners that used to cost hundreds of US dollars some years ago, are now from $80.00 to $50.00