Does it matter how many days have passed?

Question

Every time I go to open my inventory to check out some new gear I found, which is approximately every 37 seconds, I see the game clock staring back at me. Sometimes it's nice to know if it's day or night since there are certain magic items that give you bonuses during the day or at night, but does the number of days elasped since the game started matter?

• Are there any quests that have hidden a time limit?

• Are there any events that occur after a certain day?

• Does something bad happen if I ignore the main quest for too long?

Answer 1

After a little researching on the web I can't find much evidence that the days passed has a sizable effect.

From tvtropes.org:

There don't appear to be any time limits on quests whatsoever. Even when the quest in question involves providing first aid to a woman who got knifed and is lying on the street groaning and writhing in pain.

The only thing I have found it to be useful for is farming reagents

From trueachievements.com

Reagents are also on a 2 day respawn (Expect for Seaflax which is 3 days), If your farming a certain reagent be sure to sleep in a bed to make it spawn again.

Answer 2

I haven't noticed much of an in-game affect of the time, other than the world being darker at night, and light during the day. Frequently in towns the people are asleep at night, but you can still talk to them but they won't have anything different to say (still selling items if a vendor, turn in quests, etc.).

So I don't think that the time of day makes much of a difference really.