You can access object properties by dot notation or by bracket notation.
var x = {'test': 'hi'};
alert(x.test); // alerts hi
alert(x['test']); // alerts hi
When you have a dynamic value, you have to use the latter:
var property = 'test';
alert(x.property); // looks for x.property, undefined if it doesn't exist
alert(x[property]); // looks for x['test'], alerts hi
So what you actually want is:
alert(data[bsID][0].time);
EDIT:
Not sure what you're doing wrong, but this is working for me on Firebug's console:
var data = {"A5A50000":[{"bsid":"A5A50000","chanCount":17,"time":"2009-05-27 16:36:45","avgInterference":1.711765,"maxInterference":4.97,"avgHandsets":205.1176,"maxHandsets":315,"avgCalls":6.4118,"maxCalls":13,"avgCBA":3868.98059,"maxCBA":7463,"sumSuccessCBA":197318,"sumTimeoutHandoff":133,"sumAttemptHandoff":1028,"sumDeniedHandoff":216,"sumConfirmHandoff":679,"sumHandoffNetwork":61873,"sumJoinNetwork":96888,"sumLeaveNetwork":93754,"sumRcvdKeepalive":98773,"sumTimeoutKeepalive":19748,"sumAttemptUplink":93689,"sumBlockedUplink":62453}]};
var bsID = 'A5A50000';
alert(data[bsID][0].time);
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