I've heard closer to 1:30, but wouldn't surprise me if it was shorter. Lack of lift hills + two launches will keep a coasters ride time low. Capacity should be a joke for this, too.
Even if this demographic isn't necessarily going to spend much time in TSL, I can see families spending quite a bit of time there with the land technically having three rides (and all will have a 38" height requirement or lower). If you don't plan out FPs, you'll probably have to wait 2-3 hours for Slinky, 2 hours for TSMM and then 60-90 mins for Saucers next year
Still bitter that this land took up so much valuable space though. They could have done so much more than a throwaway land like TSL.