We investigate the low-temperature dynamics of single electron boxes and tr
ansistors close to their degeneracy point using renormalization-group metho
ds. We show that intermode scattering is a relevant perturbation and always
drives the system to the two-channel Kondo fixed point, where the two chan
nels correspond to the real spins of the conduction electrons. However, the
crossover temperature T*, below which Matveev's two-channel Kondo scenario
[K.A. Matveev, Phys. Rev. B 51, 1743 (1995)] develops decreases exponentia
lly with the number of conduction modes in the tunneling junctions and is e
xtremely small in most cases. Above T* the "infinite channel model" of G. F
alci, G. Schon, and G.T. Zimany, Phys. Rev. Lett. 74, 3257 (1995) turns out
to be a rather good approximation. We discuss the experimental limitations
and suggest an experimental setup to observe the multichannel Kondo behavi
or.