On my laptop (not very performant one) I was able to compress jquery with uglifyJs using Rhino in about 23 seconds. You can use
wro4j-runner to check how much time would it take for you to do the same on your computer. It is a command line utility. Using this tool you can easily switch from one of several available compressors like: uglifyJs, googleClosure, YuiCompressor, jsMin, packerJs and dojoShrinksafe.
I would be curious to see how much time does it take to compress jquery on your machine with uglifyJs compressor.
Cheers,
Alex