And it is a time of vs And, it is a time of

Some examples from the web:

• We are at the end of a century, we are contemplating a new millennium and it is a time of review, a time of outlook and a time of new optimism.
• And for that it is a time of rejoicing.
• He is building an army there, and it is only a matter of time before it implodes.
• And it is only a subject of time before let us have to work with several of them.
• If he doesn't step up here, these kittens will feel neglected, and it is only a matter of time till they are waitressing or worse.
• There are several existing and planned cyanide mining projects across Europe and it is only a matter of time and human negligence for a catastrophe to occur.
• However, the virus has invaded the system and it is only a matter of time before it gains control.
• A Government source opposed to the accord, says Rashid is a dangerous man and it is only a matter of time before he returns to conduct terrorist activities.
• The logical consequence of the trade unions' arguments on the services directive is that they should call for punitive customs duties on industrial products from Member States where wages are lower, and it is only a matter of time before they do that.
• It is a time of great historic significance since it signals the reunification of the European continent.
• Mr President, it is a time of unprecedented change in agriculture.
• It is a time of diverse heroes and madcap stunts, of speakeasies and flamboyant parties.
• It is a time of change in terms of foreign relations, because the phenomenon of globalisation is growing and there are new emerging countries.
• but for me it is a time of suffering.
• It is a time of great enthusiasm, a celebration for the people and the opposition in Burma, but one fact will certainly emerge from all this.
• It is a time of political change because of the Treaty of Lisbon, which is changing the way that the European Union is governed.
• It is a time to celebrate.
• I suppose it is a time to be thankful...
• It is a time-consuming and endless process.
• So it is a time machine.

Some examples from the web:

• Mr President, it is a time of unprecedented change in agriculture.
• Above all, it is a time when the Commission's position must be strengthened.
• Mr President, it is a time of crisis in the Middle East but also perhaps a time of opportunity.
• Today we are in a very difficult situation, but at the same time, as has been said, it is a time of hope, which did not exist for a long time.
• Normally, youth is a time when skills get built up; now, it is a time when they atrophy.
• It is a time of great historic significance since it signals the reunification of the European continent.
• And for that it is a time of rejoicing.
• Instead, it is a time for finding a common will and forging a consensus in order to enable the European project to move forward following the pitiful spectacle offered by this Parliament at its last plenary session when we were incapable of agreeing upon a resolution.
• We are at the end of a century, we are contemplating a new millennium and it is a time of review, a time of outlook and a time of new optimism.
• It is a time of diverse heroes and madcap stunts, of speakeasies and flamboyant parties.
• It is a time of change in terms of foreign relations, because the phenomenon of globalisation is growing and there are new emerging countries.
• So this is a time of, it's not without its problems.
• This is no time for bean counting, it is a time for clarity of intent and honesty of purpose.
• This is not a resolution against the Egyptian Government, which has acted to ensure that those responsible are brought to justice; rather, it is a time to reflect on a vast and concerning issue.
• but for me it is a time of suffering.
• It is a time of great enthusiasm, a celebration for the people and the opposition in Burma, but one fact will certainly emerge from all this.
• It is a time of political change because of the Treaty of Lisbon, which is changing the way that the European Union is governed.
• Given that Europe is full of SMEs, this is a time of great opportunity.
• It is a time to recognise that only by change will Europe recover its strength, its relevance, its idealism and therefore its support amongst the people.
• It is a time to celebrate.