How will you know if someone else has selected the time? Does the form submit to a SharePoint Library, for example? If so - you could promote the "time" field and then query that library in order to know if it should be selectable. I don't know if you'll be able to make it appear disabled, but you may be able to prevent selection in other ways - I'd need to see your form in order to have a better guess. :)
Hilary Stoupa
