No, it works properly for me. Set the date and time manually, let's see what happens then!
i switched to the stock rom, the set by manual can be kept after reboot.
for this ROM, I use filter, not sure if it is proper for your reference. first, this is the logcat after i uncheck automatic and set the time by myself
I/Timeline( 952): Timeline: Activity_idle id:
[email protected] time:1583597
D/QC-time-services( 348): Daemon: Connection accepted:time_genoff
D/QC-time-services( 348): Daemon:Received base = 2, unit = 1, operation = 0,value = 1403737860000
D/QC-time-services( 348): Daemon:genoff_opr: Base = 2, val = 1403737860000, operation = 0
D/QC-time-services( 348): Daemon:rtc_get: Time read from RTC -- MM/DD/YY HH:MM:SS5/25/114 23:23:46
D/QC-time-services( 348): Daemon:Value read from RTC seconds = 1403738626000
D/QC-time-services( 348): Daemon:new time 1403737860000
D/QC-time-services( 348): Daemon: delta -766000 genoff -766000
D/QC-time-services( 348): Daemon:genoff_persistent_update: Writing genoff = 18446744073708785616 to memory
D/QC-time-services( 348): Daemon

pening File: /data/time/ats_2
D/QC-time-services( 348): Daemon:time_persistent_memory_opr:Genoff write operation
D/QC-time-services( 348): Updating the TOD offset
D/QC-time-services( 348): Daemon:genoff_persistent_update: Writing genoff = 18446744073708785616 to memory
D/QC-time-services( 348): Daemon

pening File: /data/time/ats_1
D/QC-time-services( 348): Daemon:time_persistent_memory_opr:Genoff write operation
E/QC-time-services( 348): Daemon:Update to modem bit set
D/QC-time-services( 348): Daemon:genoff_send_modem: Sending data to MODEM !
D/QC-time-services( 348): Daemon: Base = 2, Value being sent to MODEM = 1087773060000
E/QC-time-services( 348): Daemon: Time-services: Waiting to acceptconnection
D/QC-time-services( 348): Daemon: Connection accepted:time_genoff
D/QC-time-services( 348): Daemon:Received base = 2, unit = 1, operation = 0,value = 1403737860000
D/QC-time-services( 348): Daemon:genoff_opr: Base = 2, val = 1403737860000, operation = 0
D/QC-time-services( 348): Daemon:rtc_get: Time read from RTC -- MM/DD/YY HH:MM:SS5/25/114 23:11:0
D/QC-time-services( 348): Daemon:Value read from RTC seconds = 1403737860000
D/QC-time-services( 348): Daemon:new time 1403737860000
D/QC-time-services( 348): Daemon: delta 0 genoff 0
D/QC-time-services( 348): Daemon:genoff_persistent_update: Writing genoff = 0 to memory
D/QC-time-services( 348): Daemon

pening File: /data/time/ats_2
D/QC-time-services( 348): Daemon:time_persistent_memory_opr:Genoff write operation
D/QC-time-services( 348): Updating the TOD offset
D/QC-time-services( 348): Daemon:genoff_persistent_update: Writing genoff = 0 to memory
D/QC-time-services( 348): Daemon

pening File: /data/time/ats_1
D/QC-time-services( 348): Daemon:time_persistent_memory_opr:Genoff write operation
E/QC-time-services( 348): Daemon:Update to modem bit set
D/QC-time-services( 348): Daemon:genoff_send_modem: Sending data to MODEM !
D/QC-time-services( 348): Daemon: Base = 2, Value being sent to MODEM = 1087773060000
E/QC-time-services( 348): Daemon: Time-services: Waiting to acceptconnection
and then, i check the automatic again
I/Timeline( 952): Timeline: Activity_idle id:
[email protected] time:1599556
D/QC-time-services( 348): Daemon: Connection accepted:time_genoff
D/QC-time-services( 348): Daemon:Received base = 2, unit = 1, operation = 0,value = 1403738639286
D/QC-time-services( 348): Daemon:genoff_opr: Base = 2, val = 1403738639286, operation = 0
D/QC-time-services( 348): Daemon:rtc_get: Time read from RTC -- MM/DD/YY HH:MM:SS5/25/114 23:11:13
D/QC-time-services( 348): Daemon:Value read from RTC seconds = 1403737873000
D/QC-time-services( 348): Daemon:new time 1403738639286
D/QC-time-services( 348): Daemon: delta 766286 genoff 766286
D/QC-time-services( 348): Daemon:genoff_persistent_update: Writing genoff = 766286 to memory
D/QC-time-services( 348): Daemon

pening File: /data/time/ats_2
D/QC-time-services( 348): Daemon:time_persistent_memory_opr:Genoff write operation
D/QC-time-services( 348): Updating the TOD offset
D/QC-time-services( 348): Daemon:genoff_persistent_update: Writing genoff = 766286 to memory
D/QC-time-services( 348): Daemon

pening File: /data/time/ats_1
D/QC-time-services( 348): Daemon:time_persistent_memory_opr:Genoff write operation
E/QC-time-services( 348): Daemon:Update to modem bit set
D/QC-time-services( 348): Daemon:genoff_send_modem: Sending data to MODEM !
D/QC-time-services( 348): Daemon: Base = 2, Value being sent to MODEM = 1087773839286
E/QC-time-services( 348): Daemon: Time-services: Waiting to acceptconnection