Sorry, jib. I do not know any software of this kind. Will it be better if you keep an .ISO image file of the CD, and edit it every time you want to change the song? This is simpler and less time consuming.
I'm not a big fan of burning software, I just need a simple one to make movies and mp3 and audio files. I use Nero 7 Ultra Edition. But honestly, don't waste money on buying burning software.