Hi - this is my first post - I hope it comes through okay. I have been suffering with Time machine for the last several weeks. I am running 10.7.5 on a mac mini, which is wired to my router (i.e no wifi). I had read many threads on this issue and I am glad to hear that some people have success with disk tests, disk warrior, etc. I didn't. My time machine drive is an external USB 2G drive.
I purchased a second 2G drive so I can store my existing Time Machine drive offsite. When I attempted to create use the new drive I would receive stats that it would take so many hundreds of days to back up 990 GB. When Time Machine ran, the activity monitor would often show no disk activity.
I finally found a solution on a another site which requires spotlight to be totally shut down. The command I used was:
sudo launchctl unload -w /System/Library/LaunchDaemons/com.apple.metadata.mds.plist
I found this at: http://osxdaily.com/2011/12/10/disable-or-enable-spotlight-in-mac-os-x-lion/
My Time machine is really humming now at a consistent 35 MB/sec, and 990 GB should take a total of 10 hours, according to Time Machine.
This had been painful - but things are looking good now. The backup should be complete tomorrow - I will let you know if I encounter any problems. Good Luck!
George