It did. But you can finish step 1 in literally as long as it takes to buy 5 engrams from the cryptarch. Or if you do it like I did in one public event in the EDZ. Then you have to wait for the next step to come out. I don’t think anybody knows how long it will be for the next step but the common assumption seems to be a week. Then there will be a third step that will likely require more waiting (people seem to think another week). So the quest might take 3 weeks to complete no matter how easy the steps are.