I had a grade 2 MCL sprain in my knee in late October...ER doc said ACL, Ortho MCL - I got a MRI - it was my knee and what to know what was going on. It was a MCL/PCL tear - no surgery - just therapy - 8 weeks of therapy - it was January before I attempted snowboarding again and probably March/April before I felt 100% back (I wore a brace the remainder of the season).
And don't worry about your quads - your PT will be working on strengthening the quads for adding stability to your knee. Be dliigent on your excercises!