Yes, it appears that some piece of code in the OS checks the Periodicals collection periodically (no pun intended) and first flags issues that are 7-8 days old and then later deletes them if they're not saved.
Since my last post I did a one-time download of a publication. Based on my experience so far this should show up in Periodicals tomorrow and then get deleted sometime next weekend.
It will be nice not to have to do manual housekeeping of the Periodicals collection.
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