Nope.
O RLY? i guess this post over at club cdfreaks is wrong?
http://club.cdfreaks.com/f85/nero-recode-dvd-shrink-167714/#post1285712
"Yes, Recode is an updated version of Shrink. However, there are some drawbacks:"
want more proof?
http://forum.digital-digest.com/showpost.php?p=252839&postcount=2
"There seems to be consensus that Recode works a bit quicker than DVD Shrink. They were written by the same person, so the code will be very similar."