Yes it can display the date from the lock screen, just touch the time in the lower right corner and the date will display, along with service status, ringer and battery.
The only problem with this, is you have to wait for the larger time icon to minimize to the 'standard' dashboard icon. And in my opinion, this takes way too long..like 3 secs or so. It is really inconvenient, and 9 times out of 10 i find myself unlocking the phone to check the date. It really is a shame they don't have an option to by default show the dashboard on the unlock screen.