I actually can believe it. We probably spend significantly LESS than 3% of time on rides and at shows most days. We like meeting characters at character meals, swimming, playing in playgrounds, soaking up the Disney atmosphere. We do enjoy the shows. Rides are kind of an afterthought.
Here's our last trip (October 2007), just to give you an idea.
(P.S. I think I did the math right, though I'm willing to be corrected.)
Day 1: Arrival
Lunch at Hurricane Hannah's.
Swim in Stormalong Bay.
Dinner at Gulliver's Grove w/Rafiki and Timon.
Marshmellow roasting on beach.
Percentage of time spent at rides and shows: 0%.
Day 2: Epcot
Breakfast at Restaurant Akershus w/Princesses.
Finding Nemo Ride (~4 mins)
Turtle Talk with Crush (~17 mins)
Explored Living Seas aquarium.
Gift shop.
Lunch at Food and Wine Festival.
Back to hotel.
Nap.
Stormalong Bay.
Dinner at 1900 Park Fare w/Cindy, Prince, Lady Tremaine, step-sisters.
Percentage of time spent at rides and shows: ~21 mins out of a 24 hour day = 1.46%
Day 3: Magic Kingdom
Played with Peter Pan and Wendy at LOEMH
Many Adventures of Winnie the Pooh (~4 mins)
Buzz Lightyear Ride (~4 1/2 mins)
Dream Along with Mickey show (20 mins)
Ariel's Grotto
Peter Pan ride (3+ mins)
It's a Small World ride (~11 mins)
Pooh playground
Lunch at CRT
Gift shop
Home to hotel
Nap
Dinner at Crystal Palace
Dream Along with Mickey show (again) (20 mins)
MNSSHP
Cinderella's Golden Carousel (~2 mins)
Villains show x 3 (~10 x3 = ~30 mins)
Boo-to-You Parade (~20 mins?) --> Do parades count?
Hallowishes (~20 mins?) --> Do fireworks count?
Lots of character Meet and Greets.
A little trick or treating.
Percentage: ~9.3%
Day 4: MGM
Honey, I Shrunk the Kids playground
Little Mermaid show (~15 mins)
Honey, I Shrunk the Kids playground some more
Lunch at Beach Club Marketplace
Nap
Swim
Dinner at Brown Derby
Fantasmic (~25 mins)
Oh, and we caught a distant view of Illuminations from the bridge by the Swan/Dolphin on our walk back to Beach Club, but I'm not counting that.
Percentage: 2.7%
Day 5: Home
Breakfast at Cape May Cafe w/Minnie, Goofy, chipmunks.
Swim
Percentage: 0%