Khertan was kind enough to package the cairoclock and put it to extras repository. Now we can all easily install the magnificent clock on diablo/chinook.
What makes it so great? Well, it's much better looking than the default clock. You can resize it as you see fit. It's simplistic and looks good.
Take a look at the screenshots below.
Also, what is truly great on that is that it's a python applet and has a very nice and clean code to serve as an example to anyone interested in making cairo based applets for the device. I do encourage giving it a go. You'll get good control over the content and cairo seems to be drawing quite fast even on larger surfaces.
As some sort of future update, the clock could be setup to have option to not to include the seconds.
Link to install is at maemo.org downloads