Very interesting Mike - it tells us that the last 3 or 4 digits of the manufacturing code on a tire give us its age, for example '118' means the tire was produced in the 11th week of 1998, and '3403' means it was produced in the 34th week of 2003. In other words, a 3-digit code means the tire is from the last century, and a 4-digit code means it is from 2000 onwards. Interesting to see that tires as old as 4, 6 or more years old are being sold at Sears, Walmart and other reputable stores as new, although in the UK, consumers are warned to replace tires that are 6 years or older. Also telling is that, on some tires, the manufacture date code is on the inside wall, not intended to be overly visible.
I reiterate my own experience here, that I lost a large piece of tread one of my Michelin tires on my Pagoda on the highway, a year after I bought the car with the tires looking like new. In the ABC News 20/20 documentary, losing a piece of tread is shown as being quite dangerous.