$view->view_args_php = '// Default to term 1 if none was set
if (!$args[0]) {
$args[0] = 1;
}

// Default to most recent date if none was set
if (!$args[1]) {
$latest = db_result(db_query("SELECT DATE_FORMAT(FROM_UNIXTIME(n.created), '%Y%m%%d') AS date FROM {node} INNER JOIN {term_node} tn ON n.nid = tn.nid WHERE tn.tid = %d AND n.status = 1 ORDER BY n.created DESC LIMIT 1";, $args[0]));
$args[1] = $latest;
}

return $args;';