Sure there are converters and programs for the internet time (did you even check out the site I provided the link for?). Even some popular programs (like T-Clock) use it
Imho, I think this is just another attempt to try to launch a global clock. Swatch didn't seem to be able to pull it off very well (at least not yet), but at least they went as far as advertising it and even commercializing it by creating watches that actually display the time in both formats.
The one you're using is probably going to get burried very soon if they don't get any support.
Swatch is just a little bit bigger than them, hence the popularity. But who knows, I like the idea of the 360' clock a lot better. Counting in 'beats' (Swatch's name for its internet time format) is a bit hard still, but I'm starting to get the hang of it, especially since I have the time format displayed in my task bar
It takes time to get used to new things. We (here in Europe) are soon going to switch to the Euro currency and that's gonna be hard enough. If we have to start modernizing our time and mesuring formats as well, I think we're all going to feel lost pretty soon...
Great hack anyways

Didn't mean to critisize it in any way. Just wanted to mention that there's another format out there worth taking a look @
Pe<|ce.