Since I don't have a T2, I don't know about alarms on the T2, but the T3 DOES have alarms. When you enter a task, if you go into details and set a date, the ALARM field is shown and you can now set an alarm. If you set the number of days to 0 (zero), you can set an alarm for "TODAY", or you can set it for x days in advance. You can also specify the "TIME" you want the alarm to be activated.
I haven't tried the "sync" to Outlook, but the quick test I just did on the Palm sets off the alarm.
fnagle