Yes, the K2 indexes similarly. I think it's just that for the K2 owners, well, we haven't done this sort of thing in a while. We forget about the whole need to index everything all over again with a new Kindle, since our K2’s have been indexed forever. LOL
Having said that, my Touch indexed over 400 books in just a few hours, certainly less than overnight. I downloaded everything I had in my Archives one Touch screen worth at a time, then when each batch said "download complete", started the next batch. Perhaps it went faster because they were strictly from Amazon, or because they'd all been indexed already on the K2? No idea. But I did those first and made sure indexing was done before loading my Calibre library in there, or adding my collection from Baen (both of those are pretty small batches). Current inventory on the Touch is 468, sorted into 39 Collections.
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