Some of the NPCs seem to respawn even quicker than that. There seems to be a fresh supply of Freeside Thugs every time I travel through there (there is now quite a pile of bodies in parts of Freeside as they seem to spawn quicker than the engine can clean them up), same with the Fiends in the Fiend area - the NCR soldiers guarding that area also seem to respawn quickly.
It is possible that some cells could be set to respawn faster than the generic timer, I suspect that Quarry Junction might be this way because my attempts to "thin the herd" then go sleep off my svcking chest wound and come back bright eyed and bushy tailed and full of vinegar and .50cal incendiary ammo always fail miserably, they seem to come back or move around or something because there is invariably a pair of deathclaws sitting on the northern hill.
Oh and the freeside thugs are spawned dynamically via a scripted ambush I'm FAIRLY certain, because at night they seem to occur with at least triple the frequency.