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Keeping around a set of power adaptors with different voltages are useful for future hacking - dont trash it!
As for the capacitor, I would perfer to keep the cap simply because it acts as a good energy buffer. Of course for a battery connection you dont need a cap even half that big for supression, but why remove it if its already there?
To me it looks as if there are four diodes underneath the two pinkish white and one red cable. I could be wrong since the picture is not so good.But if they are diodes and four of them, it is definetly a simple AC/DC converter.