They say that the wood inside lasts about 5 years before it breaks down.
How long it takes to break down depends on your climate. For me, it was about 3 years, though my logs were more like 6" diameter, not huge trunks.
After that the bed will still be excellent right?
Yes, after it breaks down, the benefits will still be present for some time. The exact scientific formula to calculate how long the benefit lasts looks like this:
¯\_(ツ)_/¯
No need to add wood again, ever?
Burying logs/wood is very beneficial. Nevertheless, it's just one thing among many you can do to help the soil. You'll still want to, for example, mulch the top with woodchips or grass or
straw (or
cardboard) each year.
Growing something in dirt, even weeds, depletes the nutrients in the soil. Over time, you'll need to somehow replenish those nutrients. Large commercial farmers for example inject fertilizers into the ground when planting seeds. More eco-friendly gardeners find better ways of replenishing the soil. This could be through adding
chicken manure, cow manure, horse manure, etc... to the soil, as well as mulching.
For myself, I don't do a very good job of being consistent, but some garden beds I bury fish,
chicken intestines, turkey carcasses, and etc... in the beds. I don't have any vegetable scraps (my
chickens get them), but other gardeners bury their compostable waste into the beds (for example, google "keyhole garden beds" for the general concept, where a
compost bin is integrated into the
garden bed) - this can be as easy as just using your hand to make a trench, adding your kitchen waste into the trench, and covering it back up. Other gardeners have a compost pile, and each year add some of their compost to the garden bed.
Since weeds also deplete soil, keep down weeds (by mulching, or cardboard, or whatever), helps keep the soil better for longer.
Exposed dirt also gets baked by the sun, and seems to suffer, so mulching does a double-whamy benefit (triple-whamy, when you consider how it absorbs and releases moisture, reducing water needs).
Will my nasty tan clay be sweet dark earth by then?
Your clayish soil will be improved
dramatically, but likely won't look like (or at least won't remain like) what you're describing. It'll bring it
alot closer, though.
Your soil doesn't need to be perfect, but anything you can do (even inconsistently / infrequently) is fantastic! And burying logs like that works great!
Anything else you can toss in the beds while burying the logs would also help. Kitchen scraps, manure,
lawn clippings, leaves, fish, dead animals, any garden waste from this past growing season (e.g. dead tomato plants), leaves, etc... all is great stuff.
Just wondering what to expect after all the wood is gone.
You can expect the soil to be greatly improved, but almost nothing in
gardening is "do once and now your garden is magic forever", alas! =(...
Burying logs is fantastic. Definitely one of the better things to do.
What you can expect is definite improvement in the quality of the soil. Another thing you can expect, is the dirt level in the raised beds will sink down, fairly dramatically. The first year you'll probably drop 20%, mostly just from the loose dirt compacting from rain, but over the next few years as the logs decay, it'll gradually drop another 10-20% or so. This is actually great, though, as it provides room in your bed for you in a future winter to revitalize the beds by e.g. put another layer of small branches covered by more dirt, next winter, as well as space for plenty of mulch when you're able to. My hugel bed I think dropped nearly 50%. At least 40%. The bulk of it in the first year.
I don't want to discourage you from doing it - it's fantastic, and you definitely
should do it.
But I also don't want you to think it'll last forever (but it
will benefit for multiple years!).
Nor do I want you to think that it'll take your soil to perfection on it's own (but it
will be a major improvement).
It's one of the better tools available, and one of the longer-lasting ones.
One thing you can do on your older beds is even just rest a log on top of your old beds, just half-buried, half-exposed. Not as a great as a full hugel bed, but for supplementing existing beds, I've been surprised by how well that worked.