IMU-based Human Activity Recognition (HAR) has enabled a wide range of ubiquitous computing applications, yet its dominant clip classification paradigm cannot capture the rich temporal structure of real-world behaviors. This motivates a shift toward IMU Temporal Action Localization (IMU-TAL), which predicts both action categories and their start/end times in continuous streams. However, current progress is strongly bottlenecked by the need for dense, frame-level boundary annotations, which are costly and difficult to scale. To address this bottleneck, we introduce WS-IMUBench, a systematic benchmark study of weakly supervised IMU-TAL (WS-IMU-TAL) under only sequence-level labels. Rather than proposing a new localization algorithm, we evaluate how well established weakly supervised localization paradigms from audio, image, and video transfer to IMU-TAL under only sequence-level labels. We benchmark seven representative weakly supervised methods on seven public IMU datasets, resulting in over 3,540 model training runs and 7,080 inference evaluations. Guided by three research questions on transferability, effectiveness, and insights, our findings show that (i) transfer is modality-dependent, with temporal-domain methods generally more stable than image-derived proposal-based approaches; (ii) weak supervision can be competitive on favorable datasets (e.g., with longer actions and higher-dimensional sensing); and (iii) dominant failure modes arise from short actions, temporal ambiguity, and proposal quality. Finally, we outline concrete directions for advancing WS-IMU-TAL (e.g., IMU-specific proposal generation, boundary-aware objectives, and stronger temporal reasoning). Beyond individual results, WS-IMUBench establishes a reproducible benchmarking template, datasets, protocols, and analyses, to accelerate community-wide progress toward scalable WS-IMU-TAL.