it was REALLY quick for me.
less than a half hour (results may vary) and i had gingerbread on my phone
its actually taking longer for me to get everything back onto the phone and setting it back up. (the update pretty much factory resets your phone.)
I've prepped my phone and will do the update first thing in the morning after doing a last minute backup.
BTW, there is a new version of HTC Sync (HTC Sync v 3.0.5557 | 08.04.2011 Download (144 MB)) on their website. Maybe it's necessary/preferred/enhanced for syncing with Gingerbread ?!
Curious what the HTC specific features are.
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