There is a SharePoint 2007 form library whereby the filename is based on the following format - YYYYMMDD-HHMMSS and "duplicate files will be overwrite" option is enabled.
What will happen to both form submitted by 2 different person at the same time - meaning that both person submit, say exactly at 21 September 2011 06:06:11, thus giving two file of name 20110921-060611?