I'd prefer local time, but only if EVERYthing (game times, updates, transfer list, transferring player pages, etc) used it. By far the biggest problem right now is having some local, some GMT, some CET, some unlabeled, etc. If it's not possible to make everything local, it's really not that hard to adjust from some standard.
What he said. It makes no sense to me for some things to be local time and some things to be CET.
Can't you just let each user choose their timezone and then add/subtract the hours from CET?