(Rails.3.2.8, Ruby1.9.3)
irb(main):034:0> Time.now
irb(main):035:0> Time.current
irb(main):036:0> Time.current.localtime
irb(main):037:0> DateTime.now
irb(main):038:0> DateTime.current
irb(main):039:0> DateTime.current.localtime
NoMethodError: undefined method 'localtime' for Sun, 23 Dec 2012 04:55:38 +0000:DateTime
irb(main):040:0> Date.now
NoMethodError: undefined method 'now' for Date:Class
irb(main):041:0> Date.today
irb(main):042:0> Date.current
irb(main):043:0> Date.current.localtime
NoMethodError: undefined method `localtime' for Sun, 23 Dec 2012:Date