I hope we aren't missing a window where a big effort could be made for a week or two that would dramatically slow down the spread
I would hazard a guess that there is a lot going on behind the scenes that isn't in the media. There has been a lot of planning to cope with pandemic influenza that has been going on for years that will mostly apply to NCP. I would think there's an action plan in place and regular meetings between government and experts at DoH, PHE etc.
When is it time to stop doing those things? When the first infected people show up in a city near us or is it already to late then?
If you're wanting to minimise the chance of catching it, then yes, if you are aware of cases in your local area then that is the time to cut down all non-essential contact with people. It will be interesting to see what happens in China over the next week or two as the number of new confirmed cases has started to reduce. If this carries on then its strong evidence that the actions in China have been effective and we may see other countries decide to take similar measures of closing schools, offices etc and discouraging groups of people mixing.
The ability of the health system to cope is my major concern too, at the moment. Hopefully there are plans to increase capacity if possible. If health workers get infected, then that makes everything even more of a struggle.
I'm also concerned about developing countries. There's not yet any confirmed cases in Africa but I see it being a huge problem if it starts to spread there. Borders are porous and the health system in many countries is not functioning at the best of times as shown by the Ebola outbreaks in West Africa and DRC.