24/7 encoding with ASF Writer /send time flipover

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I'm using ASF Writer with a custom sink to do 24/7 encoding (basically
just writing out the packets, switching files when needed). What I am
worried about is the 32 bit presentation time/ send time values. My
guess is that they will just flip over and start from zero after ~49
days. I need to know whether this is in fact the behavior and if not
what the behavior is.
Can anyone from MS or someone knowledgeable (Alessandro?) confirm
this?
Any answer is appreciated, thanks in advance!
.

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