Hi,
Was looking into how long the new icon appears for a newly created list items in SharePoint.
The default is 2 days.
And this is configurable through DaysToShowNewIndicator property.
Powershell
STSADM
http://technet.microsoft.com/en-us/library/cc287681(v=office.12).aspx
Programmatically
Hope it helps.
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stsadm -o setproperty -pn days-to-show-new-icon -pv 14
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