I'm EST and it's saying 4:24PM right now. I'm set to English (United Kingdom) (because it *IS* spelled 'colour') and it's fine. My secondary timezone is set to Halifax Nova Scotia. (GMT-4).

Have you adjusted your secondary timezone from GMT 0? Maybe that's where the bug lies.


*** edit: Another thought I just had. Maybe you set the time while the device was still in GMT and then set your locale. That could be why it's ### hours off.