OK, here it is.
Downloads
A 20MB, 15-megapixel raw image from a Canon 50D: http://www.itsanadventure.com/postimages/IMG_100312.CR2
The action set: http://www.itsanadventure.com/postimages/POTNDPPST.atn
Installation Instructions
Create a directory named C:\POTNDPPST (It must be named this and it must be on your C: drive). Download both of the above files to this directory. Load the action set by going into the Actions flyout menu and choosing Load Actions.
Running The Action
Start a timer (I used http://www.online-stopwatch.com/
) and run the action. When the image is gone from your screen, note the time.
Disk Drive Notes
This test *seems* to be *extremely* disk intensive. It opens a raw file, does some stuff (see below), and saves a 5-layer, 15-megapixel TIFF with 2 extra channels. ZIPping the file *and* layers and saving that to disk takes about 2/3 of the total time. The action also saves the file twice more - once "for print" and once "for web display."
This is, however, realistic for us digital photographers. We save a copy of the edited image in a way that allows us to make changes layer, we save a copy to print a version, and save a small JPG for posting in a Share forum.
If you feel adventurous and want to remove all 3 file saves, expand the action and uncheck the 3 times it says "Save" for the step.
As a note, I said that this "seems to be extremely disk intensive" but the tests say otherwise. I created identical versions to run against my C, D, E, and H drives, and the action ran within 2 seconds of each other. The drives have wildly different speeds - SSD versus slow SATA versus very fast SATA. The SSD wasn't even the fastest!! (Again, it was within 1 or 2 seconds of the fastest time, so it may have been my human accuracy of checking the timer.)
CPU Notes
Most of the time my quad-core system ran between 26% and 53% CPU utilization, with a couple very short drops to 6% or thereabouts. So it's fairly CPU-intensive. It does tell me that I wouldn't be doing much multi-tasking if I only had a dual-core. 
Disk Space Note
NOTE: The file saves result in 500 MB of images! You probably want to delete them from C:\POTNDPPST ! ! !
Note: You can run the action again and again - it will overwrite any existing files.
My Results
On my quad-core Q6700 2.66 GHz with 8 GB RAM and an Intel 80 GB SSD drive:
Full action, with all file saves: 2 minutes 13 seconds (The first file save took 1:31 all on its own!)
Action without any file saves: 28 seconds.
What the action does, the nutshell version
Opens a raw file with ACR
Makes some adjustments
Opens image into PS as 16-bit ProPhoto color space
Duplicates background layer (to save an untouched copy) and hides it
Converts the duplicate to a Smart Object
Runs Shadows & Highlights
Performs Noise Reduction (the old-time PS-only way)
Applies Creative Sharpening (not really, since you can't record brush strokes, but it does everything else)
Applies a Curves adjustment layer for contrast
Applies a Vibrance adjustment layer
Saves this full file, all layers and masks, as a ZIPped 16-bit TIFF
Crops the file to 12 megapixels
Flattens all this
Convert to sRGB, 8-bit
Sharpens for printing (USM)
Saves as JPG, quality 10
Resizes to 800x600
Saves To Web JPG, quality 65
Closes the image
The full blown, all-details description of the action
Opens a 15-megapixel RAW
- Set White Balance to Auto
- Adjust Exposure +0.50
- Clarity +25
- Vibrance +40
- Fill +6
- Curve: -11, -3, +3, + 11
- Sharpening & Noise Reduction Off
- Camera Profile: Adobe Standard
- Set output to ProPhoto Color Space, 16-bit, 300 DPI
- Open Image
Duplicate background layer (to save an untouched copy)
Hide background layer (and work on layer 2 from now on)
Convert layer 2 to a Smart Object
Apply Shadows & Highlights: 11, 20, 0 : 11, 53, 0 : +3, +3, 0.01%, 0.01%
Apply Noise Reduction (Gaussian Blur with an Edge Mask to limit the blurring)
- Duplicate Green channel as "Edge Mask For NR"
- Filter... Stylize... Find Edges
- Filter... Blur... Gaussian Blur with Radius 3.2 pixels
- Image... Adjustments... Curve to adjust contrast of mask
- Select RGB channel
- Command-click "Edge Mask For NR" to load as selection
- Ctrl-H to hide marching ants
- Filter... Blur... Gaussian Blur with Radius 1.0 Pixels
- Deselect
Apply Creative Sharpening (at least the masks, brush if possible)
- Duplicate Green channel as "Edge Mask For Sharpening"
- Filter... Stylize... Find Edges
- Image... Adjustments... Invert
- Filter... Blur... Gaussian Blur with Radius 5.0 pixels
- Image... Adjustments... Curves to adjust contrast of mask
- Select RGB channel
- Command-click "Edge Mask For Sharpening" to load as selection
- Ctrl-H to hide marching ants
- Filter... Sharpen... USM: Amount 215%, Radius 1.5, threshold 5
- Deselect
Apply Curve adjustment layer
Apply Vibrance adjustment layer
Save as new name, with ZIP compression on image and layers
Crop to 12 MP
- Marquee, fixed size 4000x3000
- Select
- Image... Crop
- Deselect
Layer... Flatten
Convert to 8-bit
Convert to sRGB
Apply output sharpening for print
- Load "Edge Mask For Sharpening"
- Ctrl-H to hide marching ants
- Filter... Sharpen... USM: Amount 75%, Radius 3.0, threshold 2
- Deselect
Save as new JPG, quality 10
Undo output sharpening
- Edit... Step Backward
- Edit... Step Backward
- Deselect
Reduce size to 800x600
- Image... Image Size... 800x600
Apply Smart Sharpen for small JPG image
Save for Web, quality 65
Close image without saving