Are you folks SURE, beyond a doubt, that you are not seeing the NORMAL WINDOWS recycler???!!!
That's your recycle bin!! That screenshot at the top is PART OF WINDOWS!
Recycler is a WINDOWS process.
Be REALLY certain you aren't following bogus advice, like those hoax emails that circulate telling of doom and gloom and that your system is already infected - when in fact it's PART OF WINDOWS............
It's possible a real virus will exist that uses the names of VALID Windows processes to try to fool folks, but too often people see somthing and will believe anything they read on a web site or in an email.
The example in the first screen shot in this thread from May 6th is NOT A VIRUS! The original poster in this thread is showing what is a normal part of Windows.
Someone has UNhidden hidden files and folders in their windows folder settings and is now all excited and concerned.
My advice - rehide the hidden folders and files - hide system files and ignore that.
That's your recycle bin, and recycler is a Windows process. Recycler exists on every Windows XP machine. That folder exists on every Windows XP machine.
BE VERY CAREFUL what you read from non-experts - and verify before removing.
Check where the process resides. Check a new install on a known clean computer and compare. You WILL find recycler.