When I create a FeatureClass, there doesn't appear to be a way to specify the formatting of the value. In the example you've shown, the DateTime instance is initialized to a value of "Today". However, the initialization of the DateTime instance is independant of the presentation format. In ArcMap, when I select a feature using the "Identify" tool, the pop-up displays the DateTime value as MM/dd/yyyy hh:mm:s AM/PM. I want to change that display format to yyyy-MM-dd HH:mm:ssZ. Similarly, there's other field values in the same FeatureClass that I would like to display truncated. For example, I only want to display 1 decimal place for certain fields.