Installed it, will use it tonight.
At 48/16, it reports max time per file as 2:53:36!? (should be over 3 hours!) 
That's the time you get when you base your calculations on kilobytes, megabytes and Gigabytes all being 1000 instead of 1024 so that must be what's happening.
When 1 kilobyte = 100 bytes and 1 Megabyte = 1000 kilobytes and 1 Gigabyte = 1000 Megabyte, 2 GB file will hold 2:53:37. That's based on 48000 sample rate, 16 bits, 2 channels.
Here's an old formula I have around for calculating space in an excel spreadsheet.
=2000/(((48000*16*2/8)/1000)*60/1000)/(360*4)
where 2000 is the file size (2 Gigabytes based on 1000's)
48000 is the sample rate (replace with whatever sample rate you want)
16 is the bit depth (replace with whateverbit depth you want, 16 or 24)
2 is the number of channels (2 for stereo, 1 for mono)
everything else give you the number in the proper form.
In general format, this will spit out the number as 0.12053272 and if you change the excel cell to time format (without am or pm) it will read 2:53:37
J.T.
