It can't parse that string because "UTC" is not a valid time zone designator.
UTC time is denoted by adding a 'Z' to the end of the time string, so your parsing code should look like this:
DateTime.Parse("Tue, 1 Jan 2008 00:00:00Z");
From the Wikipedia article on ISO 8601
If the time is in UTC, add a 'Z'
directly after the time without a
space. 'Z' is the zone designator for
the zero UTC offset. "09:30 UTC" is
therefore represented as "09:30Z" or
"0930Z". "14:45:15 UTC" would be
"14:45:15Z" or "144515Z".
UTC time is also known as 'Zulu' time,
since 'Zulu' is the NATO phonetic
alphabet word for 'Z'.
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