Recode is a program that comes bundled with the Nero suite, works very similarly to DVD Shrink...they share the same coder.
Just to add a few more things. LOL Recode2 just like stated above by LOCOENG is a nero program that you can get from nero. Also it is pretty much the same as DVDShrink. A few more things to add incase you dont know about DVDShrink or Recode2 is these are programs that will let you Backup your DVD's you may own. It will let you... Edit a movie(Take out audio tracks, subtitles extar's) It will let you make a backup of just a movie off the DVD with no menus or extra's. It will let you compress (transcode) a DVD9 disc(Double Layer) to fit onto a DVD5 disc (single Layer) Sp hope this adds a little bit more light on what Recode2 is.