NOD32 (Click to buy AND support the show) and Kaspersky both detected this as a bad thing, and protected the computer with it installed.
"Wondering how people get to these bogus security sites and download junk like SpyAxe?
Our spyware researchers have been investigating Vcodec.com. This is a site that has a program called “VCodec v3.05b is new generation multimedia compressor/decompressor which registers into the Windows collection of multimedia drivers...”"
--MissM
Evil, evil, evil! Glad I'm protected with Nod32 (hint, hint -- if you don't have it get it and support the show = unabashed plug)
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