If I was taking the conditioning test . . .
I'd pass. Without breaking a sweat (but only because it's more like September up here in Wisconsin).
If I was taking the test, I would also be taking it seriously. Todd Haley has drawn a clear line here and it appears he's serious about enforcing it.
That doesn't mean he would cut, say, Derrick Johnson or Matt Cassel if they failed to run their three 300-yard shuttles in the alloted time (but they won't fail). But he might extract a price in a different way. As for lesser players, he might cut them if they fail.
So I'd take care of business and not bother to find out, even though Haley can't cut me.

I call bullshit.