The SharePoint Site Recycle Bin for SharePoint 2010 is available for download at http://governance.codeplex.com.
The SharePoint Site Recycle Bin is a SharePoint Foundation 2010 solution package that when deployed to a Microsoft SharePoint Foundation 2010 or Microsoft SharePoint Server 2010 server farm enables administrators to create a snapshot of subscriptions, site collections and Webs as they are deleted through the SharePoint user interface, the SharePoint Administration Tool, the SharePoint 2010 Management Shell, SharePoint 2010 Central Administration, or SharePoint Designer.
From the Bottom of my SharePoint Admin and Developer Heart...thanks for posting this.
Have been waiting for this for soooooo long, thank you thank you and thank you.
Wonderful job done!