After reading your post, I asked myself “what’s different between your setup and mine?” and the only obvious thing is the SD card. So I replaced the SD card (32 GB) in one of my v2 cameras with a spare 2 GB SD card, formatted it in the camera, re-tested, and I get the same result, i.e. playback pauses at hh:mm:00. I think I can rule out the SD card being an issue.
Not just SD card, also wireless network, network equipment. But this really sounds like a camera firmware or sd card issue not saving the files correctly to the card.
If you take th card out and play the files on a computer, is there any problem viewing them? . Are your cams set to continuous or event only to the card?