The New! icon displays for 2 days by default, but you can use the command line to set that:
[C:\Program Files\Common Files\Microsoft Shared\web server extensions\12\BIN]\stsadm.exe -o setproperty -propertyname days-to-show-new-icon -propertyvalue [Days to Display] -url [Your Virtual Server's URL]
[C:\Program Files\Common Files\Microsoft Shared\web server extensions\12\BIN]\stsadm.exe -o setproperty -propertyname days-to-show-new-icon -propertyvalue [Days to Display] -url [Your Virtual Server's URL]
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