spy88: Way back on June, 25, I purchased a new Nike VRS Covert 2.0 driver. It is supposed to be good for 282 yards. I'm not saying it won't drive the distance because it does but since day one, it has always and only shown 240 yards from every tee box. I am constantly stretching the line out to make up the 40+ yard difference. Same thing with my 3 wood, a Callaway X2 Hot I bought back on Aug. 26. Good for 240 yards but the line has always been only 230 yards.
These are the default settings and will most likely never be changed. I think the longest distance from pin, where the marker will be, is 245y. You have to move it to set direction anyway. And the direction is the only thing you need, it doesn't matter if the marker is 5 yards from the tee box, as long as it is pointing the right way ;-)
There are a couple of these default yardages and they change for different range of distances, depending on the length of your driver (example, if you use the starter, the default distance will be less than 240 you are seeing now).
Same with the 3w, 240y drivers will have the marker set at 230, my 245y BB has it at 235. Again, you have to move the marker anyway to aim your shot, so it makes zero difference whether or not it's set at 230 or 240 y mark.