WebmasterWorld Moderator eWhisper posted news under the thread title AdWords to Receive New Feature: Ad Scheduling. Google will be adding day parting scheduling features to the account management toolset.
This is a feature where one can list the time of day and days of the week they wish their ads to run. Google will automatically start and stop the ads based upon advertiser settings.
In addition, one will be able to change Max CPCs based upon time considerations.
The feature is expected to be released some time this month.
Overall, WebmasterWorld members are happy with the pre-announcement.
Forum discussion at WebmasterWorld.