If you used ALTER TABLE [...] ADD ... in the query window, this is pretty fast, in fact it would be over a long time ago. If you used the Management Studio table designer, it copies the table to the new table, discarding the old one, and then renaming the new table as the old one. This will take some time, especially if you have not previously prepared the database and the log to accommodate additional space. Since this is one single transaction, it will take another 16 hours to roll back if you stop it now.
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