Bug and workaround in timeseries plot

I was about to write on something completely different today, when I discovered the following internal Matlab bug (and workaround) that I thought could be useful to some readers, so I changed my plans and the original article will see light next week (or the next, or whenever…).

The bug

Try the following code snippet:

today = fix(now);
ts = timeseries(rand(1,201), datestr(today-200:today));
figure;
hPanel = uipanel('units','norm','pos',[.2,.2,.5,.5]);
hAxes = axes('Parent',hPanel, 'units','norm');
plot(ts, 'Parent',hAxes);

As you can see, the plot’s x-tick labels are all bunched together:

The workaround

I debugged the problem and traced it to line #317 of …\R2011b\toolbox\matlab\timeseries\@timeseries\plot.m (in the R2011b installation):

axpos = hgconvertunits(f,get(ax,'Position'),get(ax,'Units'),'normalized',f);

This line uses hgconvertunits to get the figure-based normalized units of the axes. hgconvertunits is an internal semi-documented helper function that convert a Handle-Graphics position vector in one set of units into another position vector in other units based on some other reference HG object. For example, it can tell me what the position of an internal control is in normalized figure units, even if the control is deeply nested within multiple panels. Which is exactly what it tries to do in this case.
Unfortunately, hgconvertunits apparently has a bug that causes it to return the parent-based normalized position values rather than the figure-based ones in this particular case. This causes the function to think that the axes is much bigger than it really is, and therefore it uses more x-tick labels than it should.
This hgconvertunits bug may very possibly affect numerous other Matlab functions that use this built-in function. The correct fix is to fix the hgconvertunits function. However, since this is an non-modifiable internal function, I found the following workaround for the timeseries plot only, by replacing the above line with the following:

axpos = hgconvertunits(f,getpixelposition(ax,f),'pixel','normalized',f);