It will be really very nice if there is a way to schedule the posts in blogs. That can save a lot of time.
Yes- in the edit post screen on the right there is a box that says Publish and inside of it there is something that says publish immediately with an edit link on the right of it. Hit edit and select when you want it published, then hit publish and it will only go live at the time you specified.
Is it working properly in all WP versions ? As far as i know its not working in WP Version 2.7 (don't know about latest version 2.8). DON.
Yes, it works in 2.7 and 2.8. It's right above the "Publish" button. Just click on "Edit" and you can schedule the time and date. There's also some plugins that allow you to drip feed the posts, most are commercial, but maybe you can find something at hotscripts.com or just Google dripfeed wordpress plugin.