Do you know when ReCycle 2.1 was released? Over 7 years ago. It's audio industry's version of Internet Explorer 6.0. OK maybe it's not as bad. Afterall, loop slicing technology hasn't changed that much. These days I expect loop slicing feature to be part of the DAW I use.
So here we have ReCycle 2.2 supporting 64-bit OS X Lion still at $249 price point. Reason 6 itself costs $449. So let me get this straight, we have a loop slicing software which is not even half the price of a full featured DAW?
If you don't need REX formatted loops I highly recommend Loop Editor by Audiofile Engineering. It's only $80.