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Default Excel 2003 and Time Formats

So, I just upgrade my OS to Windows 7. I have a spreadsheet that does time
calculations from time to hours. It has worked flawlessly for years, and
even for the first day I had Windows 7... in the same spreadsheet. Now it
doesn't seem to recognize the 12:00 AM format and it's being interpreted as
text, not time anymore. When I reformat the cell so that it's a new time
format, it's not interpreting any of them anymore....

Is anybody else having this problem? Have you heard/seen this before?
 
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