Strtotime error in Cake 1.2.6

PHP Warning:  strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.
timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still ge
tting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for '-8.0/no D
ST' instead in C:\xampp\htdocs\cake_1_2\cake\libs\cache.php on line 429

I only get this when I try to use bake in a new cakephp 1.2.6 app. If I run bake in the default app folder (the one that comes with the cake build) it does this. If I run bake from my old 1.2.5 project (cake_1_2/myapp) it works fine.

Is anyone else having this issue with CakePHP 1.2.6 projects?

It's not a PHP problem because then it would be consistent with any time functions I tried.