Now being a modern internet capable computer it can of course set its time that way. But only if you do it manually.
But no more! An update has been released that syncs the clock from PSN when you sign in. Wow! Sony have finally figured out how to do that. They apparently still need you to sign into PSN rather than just bimbling off to a convenient time server but it's a start.
Way to go Sony - cutting edge software development as ever .
Just because he can