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No, I mean a long-established Season Pass and it'll only manage to record the last 59 minutes.

Oh! Wow! I was indeed misunderstanding you. That's a little stranger, and I know I haven't seen that happen to me.

Now that I know that part, I can say no, this Tivo is not as slow as yours. It's slow when it's dealing with recordings, but not when it's performing its automated tasks, like time recording. Sorry to hear that.
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Matt