Some considerations when displaying dates and times on a website include showing delta times, customized timezones and caching. Often it's nice to show a delta time like "10 minutes ago" or "5 days ago" to give readers a frame of reference instead of an absolute date. When the date is far enough in the past and an absolute date becomes desired, customizing the date to the user's timezone is useful. And if your site grows large enough that caching becomes useful, finding a way to display customized deltas and timezone information in a cacheable static page becomes an ideal solution.
Although it's pretty easy to accommodate timezones, the Typo script doesn't do that. I've done this for some projects and might post some code in the future but it's not hard.