The boys from vmToolkit are back!  The VHD Expander is now VHD Resizer.  More info in their post “VHD Expander is now VHD Resizer“, a snippet is below:

We have made some changes to the VHDExpander. First off it is now called the VDHResizer and it will do some of the things the new name implies.

The tool will now check the partitions within the VHD and provide you with sizing options (displayed as a slider) which start at the end of your partition and go up to 127 GB. This means you can technically shrink your VHD if you do some preparation work. The preparation needed is to shrink your partition, the tool will not shrink your partition for you, we want to leave that up to you (look for David to post some steps on this). However if you previously expanded your VHD and determined later that the size was too large you can now shrink that size back down if you have not already extended your partition.

Everything else from the expander remains the same. VhdResize will resize Microsoft’s VHD files and will also convert between Fixed and Dynamic file types. This is a sector by sector copy operation from one size/type to the other and the source file remains unaltered. The .NET 2.0 framework is still required.

Download it here:  VHD Resizer