Hello, I discovered a bug in my Mandrake installation. It's obviously pretty rare, but I detailed it (and its solution) in case anybody has the problem in the future.
Essentially, if the <I>date</i> command is more or less correct, but the <I>hwclock</I> command is VERY wrong (2038, etc), read the following:
http://mandrake10time.tripod.com/index.html