Why do you think that it is wrong? This equation is clearly Theta(n^4)
The more detailed solution can be obtained from WolframALpha (did you know it solves recurrence equations?)
https://www.wolframalpha.com/input/?i=T%28n%29%3DT%28n-2%29%2Bn%5E3
You can also add some border cases, like T(0)=T(1)=1
https://www.wolframalpha.com/input/?i=T%28n%29%3DT%28n-2%29%2Bn%5E3%2C+T%281%29%3D1%2C+T%282%29%3D1
and finally: asymptotic plot, showing that it truly behaves like n^4 function