Hi wilzwobf15
Have you tried inserting a known good CD into your super drive, as well as a known good DVD.. Examples of these are a non burned CD and a DVD movie.
If those are both read then you know it's a problem with the source media.. However if it cannot read CD's then it's something prolly hardware.
A good way to check is insert your first installation disc and boot your computer holding down the "d" key until you get to the Apple Hardware Test and run a quick test to see if you have an errors come up...
I would highly suggest to take your MB into a genius bar and have someone look at it.
As to the battery, it is possible that it is pooched. 327 is quite high.. You can try and reset the SMC:
http://support.apple.com/kb/HT1411
If that doesn't help it, you may need to purchase a new battery.