Yes, incorrect time can be confusing. I have a pre-production TRF-7260 used for beta testing and lot of the time it displays the wrong time on the front display when in standby. It seems to be a hardware issue as it has been there since the first beta firmware I tested. My other 7260 shows the correct time.
With he SKIPPA it could be either a hardware issue or firmware issue. As I have only noticed these sort of anomalies on 'hand built' pre-production units it is more likely a firmware issue.
Ian