/media is the new standard mountpoint for removable media such as mmc,usb etc... in fact, with hal you no longer even have to statically set your cd/dvd drives in fstab. Anyhow, check your removable media settings in gnome(System->Preferences->Removable Drives and Media) and play with that, as long as you have it set to mount on insert/hotplug it should show the media device on your desktop, however, sometimes HAL needs to be reset for automounting to work correctly. as such:
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# /etc/init.d/hald stop
# emerge --unmerge hal
# rm -R /etc/hal
# rm -R /usr/share/hal
# emerge hal
# /etc/init.d/hald start