I left one for hours, just came back and powered up the track. Swooooosh, it took off like a rocket! Remember, we're talking about the second power cycle with no TMCC signal, the first time it just sits in neutral, the second time it's off to the races.
I just left a Legacy GP7 sitting after a couple of power cycles with no TMCC, it started to move the second one. Fifteen minutes later, I just turned on the power, and away it went. At least it had the decency to accelerate slowly so you can react when you see all your locomotives on the move, but I don't think there is any timeout on this action for TMCC or Legacy.
That covers TMCC with the R2LC, and early Legacy with the R2LC, but I know my VL-BB does the same thing, so I think that covers the universe of Lionel TMCC/Legacy behavior.