Sorry, but based on your posting, you have an OEM bundled version of Nero 5 that should not have been sold without a recorder.
As you state in your posting, it says "Sorry this Nero version can only
be used with the recorder that it was bundled with".
So the version you have is looking for a specific model or Brand Recorder, such as Yamaha, TDK, etc. And it will only work with that model recorder.
There are OEM versions of Nero 5.5 that will work with any model recorder, but apparently you do not have that version. Whoever sold you that Nero 5.5 should have provided a recorder, or at least informed you of what model it will work with.
So an upgrade would not resolve your issue.