Aaah, that did the trick. I formatted the floppy with my 17"Powerbook G4 copied CD Sunrise to it and to the Extensions folder. The PB is now recognizing my Panasonic DVD Player. Many thanks for that. One little step at a time.

The issue I have now is that when booted into Mac OS 8 and putting in the official cd-rom of Mac OS 8.1 it will start reading the disc for a while and then stop and the whole system freezes. Still can move the arrow, but can't click on anything, nor do I see the disc appear on the desktop. Any suggestions?

Update: Every disc is freezing up the system, so I am guessing the CD Sunrise doesn't work properly for the Panasonic KXL-D742.