Yes, but as soon as we remove 1-second, we get complaints. It is reliable, but the only thing on the site we advertise that we cannot guarantee 100%. So we just try to advertise as much as possible.
The 120 seconds is a typo. It should say 1200 seconds, but it is temporary, usually a few days. It changes depending on server load, in this case Memorial Day weekend.
Ironically, the latter issue, too, is a choice (a threshold value) we have to make as to what's best for the customers as a whole vs. what's best for an individual.
Anyway, it will revert back to 120 within a few days for certain.
bidslammer