Tony, a cue and a bin file are not film formats in themselves. They are called image files and basically is wrapping of all the files that would otherwise be on a CD or DVD so they can be distributed in a couple of files.
Think of them as a box, with many bits inside, you need software to open the box, not to actually view the stuff inside.
You have 2 choices,
You either burn the cue/bin files onto a CD using anyone of a number of programes. then when you view that CD it would have one or more movies files (mpg/mov/wmv/avi) on it.
Or with Daemon tools you can create a virtual drive and trick your PC into thinking you have done this burning process, but you can access the files on it just as if it was a normal CD