A 7.2x render does seem a bit long, but there are so many variables, it’s hard to say if it’s broken. What are you rendering out to, for example? 2-pass VBR (which means almost 2x render time)?
I’m popping in here right this minute because I’m rendering something: 00:6:15 project that is going to take 25 minutes to render (single pass to QT-ANI archive), which is about 4x render time. I’m on the same system as you, with 2GB more RAM (which won’t make a difference) and the processor OC’d to 3.0GHz (which will make some difference, but nothing radical).
So I’m not certain anything is wrong, but in any case, I’d definitely not mind waiting overnight for a best quality 2-pass VBR render on a 100 minute file. [oldmanvoice]Why, back in my day, we walked to the studio through waist deep snow and a one minute file took 10 hours to render…[/oldmanvoice]