What's this? "ODBC"?
 

This has just popped up on my start menu. No idea what it is or where it came from and I'm naturally suspicious of it.

http://img152.imageshack.us/img152/3461/odbc.png

I checked it's properties and it's something to do with System 32 which makes me reluctant to delete it. Any help? Is it safe?

It's safe.