Thanks for all the reports and comments!
@drheights48127
That is the way Spectrum is supposed to work, only showing the top most parents when no custom menus are set. As justjennifer pointed out, you can get drop-downs to work if you use custom menus.
@michielvisser and @airodyssey
You can now have a date of 'd/m/Y' if you set it so in your settings.