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Default Excel 12 - finding the last row

I've read that in the next version of Excel, there will be 1.1 million rows.
Now one of the most common methods to find the last row is:

lastRow = Cells(Application.Rows.Count, 1).End(xlUp).Row

Counting 1.1 million rows will take a longer time than counting 65,336 rows.
So will the above still be good technique?



 
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