I have the Roxio Easy CD Creator on my computer. It gives you the option to include other types of files with your audio tracks. You could add Word documents for lyrics, jpegs for pictures, etc. The device can either write and finalize an entire CD at once, or just write individual tracks, leaving the empty space open to record at a later date.
Adaptec's TOAST is a similar program, and there are more coming out all the time.