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I use the date when the date means something (Score:2)
I started using a date as the major version with Business::ISBN::Data [cpan.org] because the data are linked directly to particular releases from the ISBN Agency.
Beyond that I might use the date for something that is not a major version, but I just finished a project that had a pain point with version.pm because it used too many digits in the version, including major and minor versions, the svn revision, and build number. The svn version got to six digits (and maybe seven within a year in the shared repo), and the build number quickly got up to four digits.
Beyond that, as long as I know which one of a set of them is the most recent, I don't really care. :)
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