Apparently there is something I do not see. And is 3.30 am...

The following settings make the PIC run at 1/4 the speed it is supposed to.

Code:
#config
  __config _CONFIG1, _FOSC_INTOSC & _WDTE_OFF & _PWRTE_ON & _MCLRE_OFF & _CP_ON & _CPD_OFF & _BOREN_ON & _CLKOUTEN_OFF & _IESO_OFF & _FCMEN_OFF
  __config _CONFIG2, _WRT_OFF & _PLLEN_ON & _LVP_OFF & _STVREN_OFF ;& _BORV_25
#endconfig

DEFINE OSC 32
If I set the DEFINE OSC at 8 then the speed is as expected. But the above config is for 8 x 4 PLL = 32MHz...

Where am I wrong?

Ioannis