Change date format

I’m using a 3-pane view, and in the Documents pane I have checked the “Created” column which shows the date the document was created. The format is “November 29, 2009 Sunday, 11/29/09, 5:21pm”. Is there some way I can change this format to something simpler and shorter?

As you drag the column divider to narrow the column width, the date format will change to fit the available space. Here are three examples below.

Very cool. Thanks.