How are simultaneous replications handled?
There is one update manager per replicated folder. Update managers work independently of one another. By default, a maximum of 16 (four in Windows Server 2003 R2) concurrent downloads are shared among all connections and replication groups. Because connections and replication group updates are not serialized, there is no specific order in which updates are received. If two schedules are opened, updates are generally received and installed from both connections at the same time.