The bug (demoed on video after the break by Roman) appears when using a repeating alarm for anything other than "every day." So for example, your alarm will go off an hour late if it's set for "weekdays," or "weekends," or every "Monday." The following alarms are not affected by the bug:
- An alarm that doesn't repeat (repeat set to "never")
- An alarm set to repeat "every day"
via engadget.com