In QuickTime X, when your video is playing, you will see time elapsed on the left and time remaining on the right. However, if you click on the time remaining numbers, they will change to the video's total duration.
[robg adds: While it's nice to have this small feature revealed, I'm still hoping QuickTime X will get "fixed" to provide most of the functionality available in previous versions. Remember you can still install and use the old version in Snow Leopard, and that's my preferred solution for now.]
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