Your waiting time at WL for a bus to come will can be anywhere from 0-20 minutes.
So it'll take you a minimum of 10 minutes and a maximum of 35 minutes. Of course, it's possible you could have a longer wait time, or an alligator in the road causing a delay, but you know what I mean.
NOT that anybody asked but - while Eric and I have still never met, he called me after arriving at CBR on Magical Express on its third day of operation, so I could then post his (positive) experience virtually live. Where the wink-and-nod come in is, I also calculated how they should use Disney transportation to get from their resort to the dinner show - and how much time they needed to allow... better, I think, than that site everybody recommends but which needs some updating.
The Studios bus to WL also does FW. As of now, that bus does WL first and FW settlement second and then goes to Studios. That route is going to change and the Studios bus will no longer go to the settlement and will go to the outpost instead.
IMHO, the new route will take longer than the old route.
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