I made some Overnight Sensations 6 months ago and they are great. The build process was really fun and the finished product is much better that what I could have bought (though if you factor in time, they are actually pretty expensive).
Agreed on time! I think I spent ~5 hours on the Overnight Sensations and maybe 10 hours on the Amigas. Personally, I really enjoyed having a not-at-the-computer hobby I could put time into every night.
But yeah, if you're just looking for a cheap set of speakers, and don't care about the actual DIY angle, making your own might be feel like a frustrating time sink...