Hello, i found a bug in BdoubleO100's new video where the time was looking like day while it was actually night. You can see it here http://www.youtube.com/watch?feature=player_detailpage&v=9HXwrxhveRg#t=1223s
Steps to reproduce:
1. Make a survival world (not tested with creative)
2. Set the time to night (14000)
3. Look ALL the way up!
4. Open your inventory
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You need to look all the way up. In my picture i'm in a ravine and looking all the way up. The crash report is available at http://textsave.de/AcJ

Confirmed

Ok, it seems to be a Survival-only bug, never happens in Creative. The sky turns really bright. Still can't reproduce the related problem MC-2472 in Survival and Creative though, this one seems to be fixed.

Is this still a concern in the current Minecraft version? If so, please update the affected versions in order to best aid Mojang ensuring bugs are still valid in the latest releases/pre-releases.

Yes, it is. Still happens in 1.6.2.

Is this still a concern in the current Minecraft version 1.7.4 / Launcher version 1.3.8 or later? If so, please update the affected versions in order to best aid Mojang ensuring bugs are still valid in the latest releases/pre-releases.
This isn't a bug anymore in MC version 1.7.4. Seems to be solved now.
Updated!