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Actually it's 13 weeks exactly.

No it's like 12 weeks, paid out weekly. Originally it was very, very long, like 2 years, 109 weeks. 3 weeks would be way to short, there has to be some balance to discourage constant power downs.

Great question; Was on my todo list to find out. Now we know :)

Is this still the case? So if I buy $5000 of steem, and lets say make money, I can power down and get my money out in 13 weeks?

This is for Steem Power, Steem Power gives you vote strength for instance.

Thank you asking this.