I have been hearing the waiting times are about a week. That is what i am hearing form two friends who just joined. It seems it has not gotten any worse but also no better. I do not think people will be scared away however. I think in act the opposite can happen. Anticipation builds. Yes you get Facebook in a few minutes but what do you really get?
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With FB you don't get much indeed and a lot of spams and fake account.
But imagine, the efficiency of FB with the use of Steemit ? Kaboom ... Mass adoption =)
I get your point but this platform does not really compare with Facebook nor will this platform every really move with the speed and grace of Facebook. This is a blogging platform. Steemit is set up more like Tumblr which is also huge.