I have an older dual P3-800 Compaq server that started losing time very rapidly after upgrading to a -CURRENT snapshot over the weekend.
Running anything that threw the machine into a high (>10% sustained) system percentage caused the clock to lose an incredible amount of time... to the tune of 30 minutes in the course of about 4 hours. My specific repeatable test was to run "sup" with the compress option turned on. Once I stopped the userland program that was causing the kernel to have high system load, the clock would slowly start to try to readjust itself. Ultimately, it would get within a second but would never fully sync. Has anyone else seen this behaviour? (Theo and Otto are aware...)