Microsoft project management software used to plan, manage, and communicate a project schedule and other information among workgroup members, project managers, and other stakeholders.
Randy Storey,
Well my friend, your two weeks of frustration are at an end - I got you covered.
Both And and Or are fully usable in custom field formulas, whoever said they couldn't be used is incorrect. What is not directly readable is the "NA" value. Internally the "NA" value is a very large number so it must be treated as a number, not a string value. And the Now() function doesn't work because it will give you the difference up to the minute (i.e. right now) which I don't think is what you intend. Herewith is your solution.
IIf(([Date1]>50000 And [Date2]>50000) Or ([Date1]>50000 And isdate([Date2])),0,IIf(isdate([Date1]) And [Date2]>50000,projdatediff([Date1],[Current Date])/480+1,projdatediff([Date1],[Date2])/480+1))
Hope this helps.
John