Are you sure didn't mean 2012-02-16 08:00. That's where ZTE resets time on every reboot (see /system/bin/settime.sh). Don't ask me why, and didn't change the behaviour either. I noticed this but never really had any issues with it.
Have you selected 'Automatic date & time' under Date & time settings?
Yeah, that was it. Haha, that's a wierd behaviour. I noticed I had 'Automatic date & time' checked under Date & time settings, but since the date was waaay of, I didn't think that was the problem. But evidently I was wrong.
Just tried rebooting a ZTE III device with stock rom with 'Automatic date & time' and 'Automatic timezone' checked, but the date & time didn't reset. So it seems something is wrong. Otherwise thank you for an excellent rom. I hate ZTE's customizations.
Edited by nasty000, 12 February 2013 - 03:42 PM.