No I don't believe there will be a way to reprocess the videos, at least we don't intend on offering that ability.
The time/date is set during manufacture here in Australia, so by default it will be set to UTC+10 hours. You can update it yourself by sending the time/date over CAN when the v2 powers up. If you send an email to
support@motec.com.au and I can send you the details of how to do it.