It seems to be working fine to me. I did have to go adjust my settings when we switched to Daylight Savings Time a few weeks ago, though. (Since the displayed time is relative to GST which doesn't change but your relationship to it does when we switch the clocks).
DH's small-gauge sweater; Secret of the Stole ii - "Savannah"; BSJ (well the knitting anyway)
socks; Odessa (from Magknits)