Ian Davis has a series of blog posts about different ways of modelling temporal relationships in RDF. It's a tough problem, but it's something that needs to be solved. Either you solve it at the semantic level, or maybe the syntactic level - it needs to be solved, otherwise you just get a big fucking sticky mess left. My own opinion is that temporal problems need to be solved in the same way that spatial problems have been solved in RDF: by common agreement. With spatial things, it's by creation of the SpatialThing class and the WGS84 vocabulary. 
This seems to match to Ian's Time Slice solution. I prefer that on technical grounds: named graphs and reification are a bit of a clumsy solution, and creating new classes seems like a real pain. 
Let's look at the practicality of this by taking a popular ontology and seeing what's likely to change. FOAF: properties are accountName, accountServiceHomepage, aimChatID, based_near, birthday, currentProject, depiction, depicts, dnaChecksum, family_name, firstName, fundedBy, geekcode, gender, givenname, holdsAccount, homepage, icqChatID, img, interest, isPrimaryTopicOf, jabberID, knows, logo, made, maker, mbox, mbox_sha1sum, member, membershipClass, msnChatID, myersBriggs, name, nick, openid, page, pastProject, phone, plan, primaryTopic, publications, schoolHomepage, sha1, surname, theme, thumbnail, tipjar, title, topic, topic_interest, weblog, workInfoHomepage, workplaceHomepage, yahooChatID. 
Which of those aren't changeable? I'd say pretty much all of them are changeable. depiction/depicts may not be actually - if a resource depicts you, it does depict you at a particular place and time, but so long as that resource continues to exist, and some idiot doesn't go and change the image to something else, it will continue to depict you. Same for schoolHomepage - you are allowed to have as many as you like, and so long as you spent at least some fraction of time enrolled as a student in that school (or college or university), you pretty much have your schoolHomepage for life. Same for workplaceHomepage. 
dnaChecksum is dependent on what kind of checksum process you use: retroviruses exist and a checksum procedure that doesn't account for them would mean that a DNA checksum might actually change over time. 
How do we represent this? Philosophically, I lean towards a model based on events. Basically: I think about the world like this: you have particular things, and those particular things have properties - some of those properties are relations to other things, others are just instantiations of some universal. The particular properties that exist do so in some state of affairs. Facts are just expressions of those states of affairs. If you have some particular p and at time t1 (at which state-of-affairs s1 obtains) it has properties W, X, Y then at time t2 (at which state-of-affairs s2 now obtains) it stops having property W and instead has properties X, Y, Z, then between t1 and t2 there is some event e. Event e is a relation between s1 and s2, but e has no relationship to our properties W, X, Y or Z. Certain events might have commonalities, even properties. In the context of a person, say, we might say that some events are of a similar type: for instance, changing one's name ("deed poll"), changing one's gender ("gender reassignment surgery"). We might identify those changes based on certain properties: a Resignation-event has as a property of the type of event it is that it effects only certain relations. Other events may be knock-on effects of a first event. There may be some causal relationship between one event and another, which would be understood best by reference to a counter-factual - namely, if e did not happen, f would not have happened. 
There seems to be two ways we can represent this in RDF (and two ways in natural language): either we represent the states of affairs and infer the events from the temporal ordering of the states of affairs, or we represent the events and infer the state of affairs from the events. Which one better fits with the open world assumption of the Semantic Web? As I said, I lean towards events philosophically. Practically, I'm not totally sure. I'll leave it to others to work it out. I put together some examples: state of affairs v. event-driven. 
Have I got anywhere? No, I've just stated my philosophical opinion. I hope you find that vaguely interesting. Maybe it'll help you if you are trying to solve the temporality problem in RDF. And, well, let's actually call it what it is: a problem. Not a big problem, but a problem that needs fixing. 
