That's my interpretation as well, except I'd go a step further and say it's time-independent based on what we've seen of quantum entanglement. There's no reason

That's my interpretation as well, except I'd go a step further and say it's time-independent based on what we've seen of quantum entanglement. There's no reason to resolve a particle's state if it's not interacting with anything, but once you do you can safely define the entangled pair's state retroactively because it hasn't interacted with anything either. So what we end up seeing is that after you measure one particle, the other behaves as if it always had the complementary value. It's not faster-than-light spooky action at a distance, it's more akin to reality "resolving" to a consistent time-independent state.