>>Server time is 12:37 PM. Choose your time offset in hours (...,-2,-1,0,1,2,...)

And then all dates would reflect your personal time offset. But I'm not sure that is very intuitive.<<

They'll have to do it the "guess and verify" way we Administrators do it now. grin
I also think chosing the offset from GMT would be better - most people already know that for their local time.
<img src="http://www.amdragon.com/images/eileensig.gif" alt=" - " />