Yes it does! I'm sorry for the confusion and the wait, I had to double check with the dev. team on this. I have also edited Camate's post to clarify that this change is indeed for both Relic+1 and AF+1 upgrades.
We're also looking into shortening the AF+1 and Relic+1 upgrades wait times to 1 Vana'diel day instead of 1 Earth day! Hooray!
For those of you asking about missions and quests wait times being lowered,
I mentioned earlier in this thread that this is a very large task to reduce them all at once, but I did forward the missions and quests that you guys requested to be prioritize first and we'll be sure to let you know when the dev. team will be adjusting the wait times.