'now' outputs in UTC

[Michael Hipp]

I'm playing with the following in my template:
  {% now "O Y-M-d H:i" %}

This renders: '+0000 2005-Dec-31 06:03' which appears to be UTC (6 hours later 
than here in central time in the US).

This is on WinXP Pro and (according to Control Panel) my time zone appears to 
be set correctly. In settings.py I have TIME_ZONE = 'America/Chicago' which 
should be correct.

Is this expected behavior?

Thanks,
Michael