Well, congrats to you, too, sgrap! We did buy direct from Disney for this one (we have bought resale in the past at other resorts.) I think because we went direct, the process went pretty fast and nearly everything happened "behind the scenes" once we returned our paperwork. It was just under three weeks from when we FedEx'ed our paperwork to Disney to the closing and recording of the deed. Our points were visible in our account online after a week, but not "active" where we could bank or use them for a reservation.
We purchased a Wilderness Lodge resale through the Timeshare Store right before the restrictions on resale purchases took effect, and the entire process from accepted offer to deed recording took about five weeks.
Our vacation time for the rest of this year is already allocated to other adventures, but we're looking forward to our first visit home to Grand Cal as owners a year from now.