Janine
I came across the "last post date" issue with the instance of dotLRN/SloanSpace we started running back in January.
I fixed it by changing the "messages_select" query in "default-view-oracle" to pick up the latest post to the thread. The fix is not as proper as the real solution, and there is undoubtedly a small performance hit; but if you are struggling and getting nowhere you could use the query for display purposes until you find the cause. I've posted the whole query, including the bit for last_modified.
Of course it might not fit in with how things currently stand in forums, but it was just a thought 😊
<Raad>
select fm.message_id,
       fm.subject,
       fm.user_id,
       person.name(fm.user_id) as user_name,
       fm.posting_date,
       fm.state,
       (
        select count(*)
        from   forums_messages_approved fm1
        where  fm1.forum_id = :forum_id
        and    fm1.tree_sortkey between tree.left(fm.tree_sortkey)
               and
               tree.right(fm.tree_sortkey)
       ) as n_messages,
       nvl((
            select to_char(ao2.last_modified, 'Mon DD YYYY HH24:MI:SS')
            from   acs_objects ao2,
                   forums_messages_approved fm2
            where  ao2.object_id = fm2.message_id
            and    fm2.forum_id = fm.forum_id
            and    fm2.tree_sortkey =
                   (
                    select max(fm3.tree_sortkey)
                    from   forums_messages_approved fm3
                    where  fm3.forum_id = fm2.forum_id
                    and    fm.parent_id is null
                    and    fm3.tree_sortkey between tree.left(fm.tree_sortkey)
                           and
                           tree.right(fm.tree_sortkey)
                   )
           ), to_char(ao.last_modified, 'Mon DD YYYY HH24:MI:SS')) as last_modified,
       case when ao.last_modified > (sysdate - 1) then 't' else 'f' end as new_p
from   forums_messages_approved fm,
       acs_objects ao
where  fm.forum_id = :forum_id
and    fm.parent_id is null
and    fm.message_id = ao.object_id
order  by fm.posting_date desc