Update: I checked with the dealer today. They said my tractor failed the dynamometer test and was only getting about 25 hp to the pto.
They have to split the tractor and probably replace pto clutch discs and it will be about another week.
I sure hope that this is not a common fault with an L4400 because I only have about 40 hours on this pto and can't imagine why it failed so soon. I would hate to pay for this job if it wasn't under warranty.