Somewhere between here and eternity. Probably a bit longer, maybe twice eternity, because it is a MAC.
Questions like this are completely meaningless without details.
Can you answer me how long my travel time will be going from Istanbul to Paris?
Whatever answer you give, it is wrong, because you did not calculate in that I travel by foot, bicycle, car, train, boat, plane and/or a combination, with or without stop-overs, during rush hour or not, you forgot factors like customs at the Albanian or Servian borders, enticing hotels on the road, etc.
I get your point, here are some specifics
Adobe Media Encoder settings
Premiere project to:
F4v - web medium (flash 9.0 or higher)
360 x 264
Codec main concept H.264
bit rate vbr 1 pass
The clip rendering is only 2:00 minutes ( I cut it )
The time is telling me 35:00 min to finish
is that about right?
Seems like a lot of time to encode a 2 minute flv.
You start with a demanding codec and export to F4V. That is time consuming and you may be plagued by missing hardware MPE. So, in all the 35 minute indication does not surprise me.