Here's how you can burn a playlist to disc in iTunes 11.
1. Open the iTunes application.
2. View the playlist you want to burn to disc.
3. Go to the file option in the menubar.
4. Click on Burn Playlist to Disc.
Note that you must be viewing your playlist, or iTunes will hide the Burn Playlist to Disc option.
For more, see the original article at the link below.
The Ultimate List Of iTunes 11 Tips, Tricks And Changes | Cult of Mac