+1. My only concern is that during the 10 mins in which I run the tests, my laptop cannot be used for development. Hopefully I'll get a new, more performant one next spring :)

Ask Steve J an ssh access to his machine and run the build from there. That might speed things up :)

Jokes aside, this is what I do with some of the QE servers.
That can work. How do you sync with the QE guys though?