Battery life seems to be a lot better after calibration. I am at 70% and the meter says 3 Hours 30 mins. Thats at least 30% better then the reading I got yesterday.
EDIT
For some reason the meter is giving a bad reading. Now I am at 66% and is giving a 2 Hour 28 Mins. reading. Not sure what is up with this battery. Maybe a bad battery.
There is nothing wrong with your meter. Do this: unplug your computer, open up two or three different applications, turn your screen on full blast, and let them run... after about 5 minutes, see what your battery time is, and then turn your brightness down to under 50%, close down two of those applications, and you will DEFINITELY see the battery time increase.
With these batteries, the more applications you have open, the less time you have on the battery. As you close applications, the amount of CHARGE left in the battery does NOT change, but the time you have left to run on that charge changes!
I hope i didn't make this VERY complicated and wordy...