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Yes that is true. Actually in an MPLS/VPN environment a PE is using "directly connected", "static", IGP (f.e. IS-IS) and MP-BGP. So finally there are 28 processes left for OSPF. Whether one would be very happy with a router trying to run 28 SPF concurrently is another question ... so to my opinion this is not really such a big deal. "only 32" is relative ...
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