Yeah, it does.
But in the meantime there are other VCD burning kits for Mac around, find them on Hotline or Carracho (they are not sold commercially so don't even think about locking this thread on the basis of piracy - they are distributed free, and H&C are the best places to get them).
I have one I haven't tried before... I could send it to you if you like.
Its worth a shot.
Cipher13