I just wanted to submit a bugreport, but now that I think about it, maybe it's just my not being used to English/American time notation..
I've noticed that when I write an entry at, let's say, 12:12, that is, 12 minutes past noon, it gets displayed (using the_time('g:i a ')) as "12:12 pm". A post published at 00:12, twelve minutes past midnight, gets displayed as "12:12 am". Now I wonder, is this correct behaviour? It's only these past-12 hours that confuse WordPress (or me), so.. If anyone could clear this up for me, I'd be grateful.