Sure does. When I first got mine, I was thinking the exact same thing.
Until I started reading about the physical differences in the constructions. The high speed logo really does mean *something*. So all my old memorex (read:cheep a$$) cdrws are basically worthless. Coasters more than anything, because my hp 8200 usb writer doesn't like their chemical makeup either.
I can use TDK's 4x media, and my plextor 161040 will hammer them out left and right. I have ONE. The rest are Ricoh, TDK, and some nappy little 80mins that I pikked up at the store.
On a side note, if you ever abort in the middle of a burn, it's possible that the disk won't pick up in the GD drive as a rewritable. I have one at this very time with this problem, and have had a couple in the past. The trick that works for me is to leave it in the most direct sunlight that I can (car dashboard) all week long. I've not tried it in the middle of summer, but I would hesitate to do so longer than 50 minutes at a time. I'm sure it drops it's lifespan, but it lets me erase the darn disk enough that I can use it again. I've not tried my 2x100w 8.5% sunlamps on it yet, but I've considered it more than once...