I just upgraded from 10.10 to 12.04. A picture says a thousand words in this case. Here's a G+ post with a screenshot of my menu bar:
I've tried messing with the clock settings---specifying a time zone, un-checking & re-checking "show a clock in the menu bar", and asking that "weekday" and "date and month" be displayed with the time. Nothing seems to work. Any ideas how I can get the actual clock to display instead of the word "Time"? Thanks.
Requested system information:
jason@pinot:~$ gsettings get com.canonical.indicator.datetime custom-time-format '%l:%M %p'