Me and a couple other of lets just say smarter people than I...lol (Ldrifta and superuser), tried working this out awhile back. Also we tried adding toggles. We all got as far as getting the toggles to work themselves but just couldnt get worked out how to make them actually turn on and off different parts of the clock. I was looking into porting the CM7 clock settings from another lg phone the p990 which has very close specs to ours (main diff it is dual core and thats about it). It was a no go as I just couldnt figure out what parts in the smali needed to be brought over. I would say if anything that would be the place to start. But if you do figure this out congrats because this seriously haunted my life for a few weeks and you will deserve a BIG pat on the back...lol.

But the good news is that it should be included in cm7/9 whenever pg gets it finished!