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As an example for you. My book was publlished on 2/28/2010. approved on 3/01/10 and sent out on 4/2/10 or something like that.
It just appeared on B&N two days ago.
if you look deep enough smashwords does say it can take up to 8 weeks from shipping to appear on their site and I think it can take longer with formats like Sony.
It will appear and don't fret for sales figures either - those are posted quarterly from the book sites and sent 1 to 2 months after quarter end - then Smashwords has to process them.
It's a slow process but I've not found another one more transparent and honest about it out there.
I hope this helps.
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