I can confirm the bug as well.
LSB output:
:~$ lsb_release -rd Description: Ubuntu 8.04 Release: 8.04
Timezone:
:~$ cat /etc/timezone Australia/Melbourne
I can confirm the bug as well.
LSB output:
:~$ lsb_release -rd
Description: Ubuntu 8.04
Release: 8.04
Timezone:
:~$ cat /etc/timezone
Australia/Melbourne