The time foramt in metaWeblog API is ISO8601, it is constructed by year, month, day, hour, minute and seconds of the time. Here's an example:
20070418T07:05:23
It means 5 minutes and 23 seconds pass 7, April 18th, 2007.
The problem with this format is that it doesn't provide time zone info. The API doesn't specify which is the default time zone, so different implementations could have different definition on this issue. This could result in a serious problem when an application communicates with a server using this API and tries to get an accurate time info.