Congrats on your pressure cooker. I'm not sure why I waited so long to get one, but what a time-saver they are. Making oxtail in less than 1 hr - just wow!
I have a PC by Fagor, but mine is the Duo model with 2 settings - 8 or 7 PSI and 15 PSI. Since this only has 1 setting, you'll definitely want to shorten the cook time on items like beans, rice, etc.