Further info:
Spotlight is still indexing the sparse bundle on Time Capsule. Progress indicates about 10 percent complete since 6:50 a.m. (It's now 10:20 a.m.) with 20 hours remaining.
Of course, we all know that these estimates of remaining time are notoriously inaccurate at the beginning of the process and get more accurate as more progress is made.
Curious.
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