That's circumvention of copy protection.
While game producers DO NOT LIKE people making images of their game disks, it is generally permissible under law to make one back up copy of the software that you own.
A No-CD is just flat out bypassing copy protection, which is not permissible under the DMCA, and could in fact lead to troubles for the site simply by being mentioned.
Smokester, with most drive emulation software, you can set it to start with your computer, and simply leave the disk image mounted.
Medieval total war 2 is a badass game, and a roommate took the second disk when moving out, just to be a richard.
During the eventual steam summer sale, I have seen Medieval total war 2 hit a price point of two dollars, so that might be an option if you're interested.