IIRC, this particular hardfork has a change to allow for fast downward adjustments of its difficulty after just a few blocks, in case too few blocks were found in the last 12 hours. It should already have enough blocks for this special code to get triggered.
Here's the code change.[1] "Triggering it require to lose 92% of the hashrate abruptly." That's protection against a total stall. It looks like hash rate is down, but not by that much. It may still take a while to get to the next difficulty adjustment. It's up to the big miners.
The emergency difficulty adjustment finally tripped, and block times are now around 25 minutes.[1] 40 blocks mined so far, 1208 to the next difficulty adjustment. So about 3 weeks to go until the next regular difficulty adjustment, which should bring block times down to the usual 10 minutes.
After that, BCC should function normally. The financial end is a separate issue; that won't be clear until BCC markets are fully functional.
