Just snip it out, Thomas, it certainly can't cause any damage and as Sonni says it doesn't serve any purpose anyway; just be sure that that's what you are removing though!
The thing that did make me wonder whether it was a capacitor or not was the fact that IIRC there were three or four leads coming out of it, so I couldn't be sure whether it was a capacitor or something else entirely. Never seen a cap with more than two terminals before.....
