so wait, you're telling me that after buying a physical copy of the game, you have to download it from steam anyway? what a rip-off! I haven't got it yet, 2 hours 'till midnight yet, but i'll probably be in the same boat, ugh that svcks. why the heck did i even decide to get a physical copy anyway? If i'd ordered from steam it would have pre-loaded, and i'd be playing it already, as it's already unlocked.
Ok, I want to share what I've learned, in case someone else has the same challenge. Steam tried to download the game from their servers, even though, I had the physical media in the tray. I read on another forum, where a guy suggested going to the libray, on steam, right click Skyrim, uninstall all local content. I did this. I then put the disc back in the tray and it is now installing from the disc. Make sure you do this, install time is now less than 20 minutes, instead of the six hour fiasco from before. You'd think it would default to the most efficient way possible, especially given the burden on their servers. But I guess that would make too much sense. Happy adventuring everyone!