Drinkable in 2-3 weeks. This lends a heavy Barleywine-ish sweetness to the young brew that is a great counterpoint to the spices. It's character is balanced even when young and should be balanced although different as it ages. I wouldn't know. Party guests who normally prefer Bud to homebrew snarf this up like crazy.
None makes it into the new year.
I'd scale back the hops proportionally and tea bags to 7 or 8 in that case. Yesterday I brewed a variation of a recipe from the Cat's Meow. It isn't as simple as Art's Barley Nog, but my wife tried some a year ago and loved it, so maybe it's worth the effort. Heat water in the main brewpot. Meanwhile, bring grains to a boil in another container, then strain the liquid into the main brewpot.