Right Click on Desktop and click on Personalise, Then look at the top left of the window that opens and click on Change Desktop Icons and finally make sure that Recycle Bin is checked in the new window that appears and click Apply and OK.
What 'Powertool' exactly are you talking about, Kemp? (I got one, but it doesn't help with Vista )
(Incidentally, I ran across the 'fix' PV told me how to find when I wanted IE on my desktop without the little 'shortcut' arrow-icon couple weeks ago... didn't know it was where the Recycle Bin was located also. )