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I am also aware that we see a lot of evidence for both a young creation and an old creation.

There is a movie out that explains how that can be!
Has time always remainded the same in a timeless universe as space itself is stretching so is time. So the cosmic clock or our clock as what is time in the stretching of time and space. CBR and the slowing of the cosmic clock the slinky effect of the stretching of time. And in point of reference what if both are correct? Louise Flectcher and Ernest Borgnine in The Genesis Code. Faith and Science what if both are true? The Genesis Code - Official Trailer [HD] http://www.youtube.com/watch?v=2p4Cs_QkwsM&feature=related
What if.

And the Three World Ages or Ages is because of the word...
Eon and Eon is a period of time.
The Eons of the Bible
With Concordance

http://www.saviourofall.org/Tracts/Eons2.html