Yes, that will trigger the pro rata rules and that would make your future conversions about 99% taxable.
As far as recharacterization, do you mean roll the amount back to a 401(K)? There is no automatic process for that, and it would be a roll over, not a recharacterization.
If you can find a 401(K) broker that will allow you to roll your new IRA over to a 401(K), that would solve the problem. Such transfers must be allowed under the 401(K) plan documents, so not all brokers will accept that.
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