It took me 58 minutes to do my not that simple taxes (both state and federal) using Turbo Tax. The cost was about $200. Based on your time estimate, it saved me 1-2 work days of time. That seems like a good bargain to me.

What I don't like with Intuit is the sleazy ways they try to upsell you and to trick you into allowing them to use your financial information for non-tax purposes.