It was paid for by my employer- the test is $150 to someone doing it themselves... Apple gets a discount for their dealers, so it didn't cost IMS $150... it's a requirement for *someone* at the dealership to be certified every year- and I am that guy ; )
I took parts of a weekend to go through the book, it took me less time to go through the book than when I took the Logic 8 Cert. last year because much of the material is the same... the test itself is 90 minutes, and is an open book, online exam. It took me about 40 mins to complete...
The test was not that hard, but the entire formal process I found to be useful, I learned some things about Ultrabeat, HyperDraw, and some other areas I was weak when it comes to Logic : )
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