The control in question can be dropped into a page layout or master page using the following syntax:
When the page is served, my local dev server displayed the text below (I'm guessing this display format is relevant to the regional configuration of the server):
12/14/2007 2:24 AM
You may have noticed a time of 2:24AM in the sample output I listed above; no, I'm not a late night hacker! I actually modified the test page I was working on at 11:24AM on 13 December 2007 but my dev server was telling me I modified it at the unwholesome hour of 2:24, one day in the future. I wish I could do that... or SharePoint would allow me to do that but no luck there so far. Anyway, I haven't tested this solution yet but the legendary Tania down the road from Tourism indicated she got the control to behave by "changing the regional settings of the site and all subsites to Australia and then changing to GMT." I'm not sure exactly what that means but I'm assuming she fiddled with the site settings.